Dave (NASDAQ:DAVE) Stock Lifted to "Hold" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Dave from “Sell” to “Hold,” while broader analyst sentiment remains positive: 14 analysts rate the stock a Buy and three rate it a Hold, with a consensus “Moderate Buy” rating and an average price target of $433.25.
• Dave shares opened at $368.42 and have risen 4.3%, trading above both their 50-day and 200-day moving averages. The stock remains volatile, with a beta of 3.92 and a 52-week range of $152.21 to $458.25.
• The company’s latest quarterly EPS of $0.49 missed the $3.44 consensus estimate, although revenue was approximately in line with expectations. Dave reported strong profitability metrics and issued fiscal 2026 EPS guidance of $17.00–$17.50.

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 report released on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on DAVE. B. Riley Financial upped their price target on Dave from $370.00 to $449.00 and gave the company a "buy" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. began coverage on shares of Dave in a research report on Tuesday, September 15th. They set an "overweight" rating and a $480.00 price objective for the company. Freedom Capital upgraded shares of Dave to a "hold" rating in a report on Thursday, July 30th. UBS Group reaffirmed a "buy" rating on shares of Dave in a research report on Thursday, October 1st. Finally, Zacks Research lowered shares of Dave from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $433.25.

Dave Stock Up 4.3%

Dave stock opened at $368.42 on Friday. Dave has a 1-year low of $152.21 and a 1-year high of $458.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 4.22. The stock has a market cap of $4.70 billion, a PE ratio of 23.89 and a beta of 3.92. The stock's fifty day moving average is $353.54 and its two-hundred day moving average is $311.50.

Dave (NASDAQ:DAVE - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%. The business had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, sell-side analysts expect that Dave will post 13.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Dave

A number of hedge funds have recently modified their holdings of the business. GK Wealth Management LLC purchased a new stake in Dave in the 3rd quarter valued at $34,000. Tidal Investments LLC increased its stake in Dave by 277.4% in the second quarter. Tidal Investments LLC now owns 5,200 shares of the fintech company's stock valued at $1,937,000 after purchasing an additional 3,822 shares during the period. WINTON GROUP Ltd acquired a new position in Dave in the second quarter valued at $447,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Dave in the second quarter valued at about $137,000. Finally, RFG Advisory LLC purchased a new stake in shares of Dave in the second quarter valued at about $1,146,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Reported short interest is listed at zero shares. The October update shows a 0.0-day short-interest ratio, suggesting no measurable short-selling pressure. However, the description’s reference to a “large increase” conflicts with the reported zero-share figure, so investors should treat the data cautiously.
• Neutral Sentiment: No direct Dave Inc. business announcement was reported. The coverage about Dave the Diver concerns a video game, including a physical release and a planned Subnautica 2 downloadable-content pack for early 2027; it has no connection to Dave Inc. DAVE THE DIVER DLC Subnautica 2 Content Pack announced
• Neutral Sentiment: Dave’s Hot Chicken expansion is unrelated to DAVE. The restaurant chain reached its 500th location and announced a free-slider promotion. These developments do not affect Dave Inc.’s revenue, earnings, or outlook. Dave’s Hot Chicken reaches 500 locations
• Negative Sentiment: The latest company-specific financial backdrop remains mixed. Dave Inc.’s most recent quarterly EPS missed consensus substantially, although revenue was approximately in line. With the stock trading well above its 50-day and 200-day moving averages and carrying a high beta, profit-taking or volatility remains a risk if investors focus on the earnings miss rather than the company’s full-year guidance.

Dave Company Profile

Dave Inc is a financial technology company that operates a mobile banking and personal finance platform for consumers in the United States. The company provides tools designed to help members manage everyday finances, access funds between paychecks and improve their financial flexibility.

Its primary offerings include ExtraCash, an advance product that allows eligible members to access a portion of their expected income before payday, and Dave Spending, a deposit account and debit card product.

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