Dave Inc. (NASDAQ:DAVE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dave Inc. (NASDAQ:DAVE) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $410.8182.

A number of research analysts have issued reports on DAVE shares. Evercore began coverage on shares of Dave in a report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price target for the company. UBS Group boosted their price objective on shares of Dave from $300.00 to $470.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Lake Street Capital reissued a “buy” rating and issued a $450.00 target price on shares of Dave in a research report on Thursday, August 6th. Weiss Ratings raised Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Finally, Benchmark raised their target price on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st.

Insider Transactions at Dave

In other news, Director Dan Preston sold 275 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the transaction, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 23.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave

Hedge funds and other institutional investors have recently bought and sold shares of the business. WealthCollab LLC purchased a new position in Dave during the 2nd quarter worth approximately $30,000. National Bank of Canada FI purchased a new stake in shares of Dave in the 3rd quarter valued at $30,000. Kestra Advisory Services LLC purchased a new stake in shares of Dave in the 4th quarter valued at $36,000. GAMMA Investing LLC boosted its holdings in shares of Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after acquiring an additional 68 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new stake in shares of Dave in the fourth quarter worth $66,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Stock Performance

DAVE opened at $374.01 on Friday. Dave has a 52-week low of $152.21 and a 52-week high of $458.25. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. The company has a market cap of $4.77 billion, a P/E ratio of 24.25 and a beta of 3.83. The firm’s 50-day moving average price is $373.43 and its 200-day moving average price is $277.73.

Dave (NASDAQ:DAVE) last released its earnings results on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The company had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, equities analysts anticipate that Dave will post 13.71 EPS for the current fiscal year.

About Dave

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.