Dave (NASDAQ:DAVE) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Dave from “sell” to “hold.” The broader analyst consensus remains “Moderate Buy,” with 14 Buy and four Hold ratings and a $425.69 average price target.
• Dave reported quarterly EPS of $4.39 and revenue of $197.7 million, both above the estimates cited in the article. The company also raised its 2026 revenue and profit outlook, citing member growth and improving credit performance.
• Investor risks include reports of law-firm investigations and a JPMorgan price-target cut to $435 from $480, though JPMorgan retained its Overweight rating.

Dave (NASDAQ:DAVE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on Dave from $342.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. B. Riley Financial raised their target price on Dave from $370.00 to $449.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. UBS Group restated a "buy" rating on shares of Dave in a research report on Thursday, October 1st. Monness Crespi & Hardt assumed coverage on Dave in a research note on Monday, October 26th. They set a "neutral" rating on the stock. Finally, Freedom Capital upgraded Dave to a "hold" rating in a research report on Thursday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Dave currently has a consensus rating of "Moderate Buy" and a consensus price target of $425.69.

Dave Stock Up 1.2%

Shares of NASDAQ:DAVE opened at $278.59 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.71. The stock's 50-day moving average price is $347.96 and its two-hundred day moving average price is $289.16. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 22.50 and a beta of 4.07. Dave has a 12-month low of $152.21 and a 12-month high of $458.25.

Dave (NASDAQ:DAVE - Get Free Report) last posted its earnings results on Wednesday, November 4th. The fintech company reported $4.39 EPS for the quarter, topping the consensus estimate of $4.09 by $0.30. Dave had a net margin of 28.15% and a return on equity of 59.86%. The firm had revenue of $197.70 million during the quarter, compared to analysts' expectations of $191.89 million. On average, research analysts forecast that Dave will post 13.04 EPS for the current year.

Hedge Funds Weigh In On Dave

Several large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its stake in shares of Dave by 1.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,812 shares of the fintech company's stock worth $583,000 after acquiring an additional 27 shares during the period. Allworth Financial LP increased its stake in shares of Dave by 25.4% during the second quarter. Allworth Financial LP now owns 143 shares of the fintech company's stock valued at $53,000 after acquiring an additional 29 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Dave by 12.6% during the third quarter. Nisa Investment Advisors LLC now owns 412 shares of the fintech company's stock valued at $132,000 after acquiring an additional 46 shares during the period. Gryphon Financial Partners LLC increased its stake in shares of Dave by 4.3% during the third quarter. Gryphon Financial Partners LLC now owns 1,315 shares of the fintech company's stock valued at $423,000 after acquiring an additional 54 shares during the period. Finally, Signaturefd LLC raised its holdings in Dave by 119.2% during the third quarter. Signaturefd LLC now owns 114 shares of the fintech company's stock worth $37,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company's stock.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 revenue and profit outlook, citing member growth, improving credit performance and expansion of its ExtraCash product. These growth and credit trends could support future results. Article: DAVE Q3 Earnings Call Highlights Higher Outlook and Credit Gains
• Negative Sentiment: Third-quarter EPS of $4.39 fell short of Zacks’ $4.45 consensus estimate. The earnings shortfall contributed to the stock’s post-report selloff despite higher revenue and raised guidance. Article: Dave Inc. Q3 Earnings Miss Estimates
• Negative Sentiment: Kirby McInerney LLP announced an investigation into potential securities-law violations or other unlawful business practices. Another law firm also announced an investigation following the November 4 disclosure. These are allegations under investigation, not findings of wrongdoing, but the announcements may add uncertainty for investors. Article: Dave, Inc. Investigation
• Negative Sentiment: JPMorgan cut its price target to $435 from $480, though it kept an Overweight rating. The shares also reportedly fell below their 200-day moving average after an analyst downgrade, a potentially bearish technical signal. Article: JPMorgan Cuts Dave Price Target

About Dave

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company's mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.