Dave Inc. (DAVE) - What Are Analysts Thinking About This Stock?

Key Points

• Analysts maintain a positive outlook: Dave has a “Moderate Buy” consensus from 17 brokerages, with 14 buys and three holds. The average 12-month price target is $433.25, above the reported share price of $367.40.
• Recent coverage includes JPMorgan’s “overweight” rating with a $480 target, while Lake Street and Citizens JMP set targets of $450 and $475, respectively. Weiss Ratings slightly downgraded its rating from “buy (b)” to “buy (b-).”
• Dave’s latest quarterly EPS of $0.49 missed the $3.44 consensus estimate, although revenue of $170.79 million was close to expectations. Institutional investors own 18.01% of the company, with several hedge funds recently increasing or initiating positions.

Shares of Dave Inc. (NASDAQ:DAVE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seventeen brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $433.25.

DAVE has been the subject of several recent research reports. Citigroup reiterated an "outperform" rating on shares of Dave in a report on Thursday, August 6th. JPMorgan Chase & Co. initiated coverage on Dave in a research note on Tuesday, September 15th. They issued an "overweight" rating and a $480.00 price target on the stock. Lake Street Capital reaffirmed a "buy" rating and set a $450.00 price objective on shares of Dave in a research report on Thursday, August 6th. Citizens Jmp lifted their price objective on Dave from $450.00 to $475.00 and gave the company a "market outperform" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings cut Dave from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 2nd.

Hedge Funds Weigh In On Dave

Large investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky grew its position in Dave by 92.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 8,273 shares of the fintech company's stock valued at $1,440,000 after purchasing an additional 3,971 shares during the last quarter. RFG Advisory LLC purchased a new position in Dave in the second quarter worth about $1,146,000. Tidal Investments LLC raised its holdings in Dave by 277.4% in the second quarter. Tidal Investments LLC now owns 5,200 shares of the fintech company's stock worth $1,937,000 after buying an additional 3,822 shares during the last quarter. Estuary Capital Management LP purchased a new position in Dave in the first quarter worth about $20,556,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Dave in the first quarter worth approximately $1,835,000. Hedge funds and other institutional investors own 18.01% of the company's stock.

Dave Trading Down 0.4%

Shares of NASDAQ DAVE opened at $367.40 on Friday. Dave has a 1 year low of $152.21 and a 1 year high of $458.25. The stock has a market cap of $4.69 billion, a P/E ratio of 23.83 and a beta of 3.92. The firm has a 50-day moving average of $351.05 and a 200 day moving average of $317.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 4.22.

Dave (NASDAQ:DAVE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing the consensus estimate of $3.44 by ($2.95). The business had revenue of $170.79 million for the quarter, compared to the consensus estimate 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, sell-side analysts expect that Dave will post 13.04 EPS for the current fiscal year.

About Dave

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.

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.