Dave Inc. (NASDAQ:DAVE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Dave has a “Moderate Buy” consensus rating from 15 analysts, with 12 buy ratings and three holds. The average 12-month price target is $410.82, implying upside from the reported $374.01 share price.
• Recent analyst actions were largely positive: Benchmark raised its target to $475, while B. Riley lifted its target to $449; Zacks Research downgraded the stock to “hold.”
• Dave reported quarterly EPS of $0.49, well below the $3.44 consensus estimate, while revenue of $170.79 million was roughly in line with expectations. Insiders own 23.59% of the stock, and the CEO and a director recently sold shares.

Dave Inc. (NASDAQ:DAVE - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $410.8182.

Several analysts have issued reports on the company. Benchmark increased their target price on Dave from $345.00 to $475.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Zacks Research lowered Dave from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Citigroup restated an "outperform" rating on shares of Dave in a research note on Thursday, August 6th. B. Riley Financial raised their price objective on Dave from $370.00 to $449.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Dave from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th.

Insider Transactions at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dan Preston sold 275 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director directly owned 5,466 shares of the company's stock, valued at $1,353,654.90. The trade was a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 23.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dave

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

Dave Trading Up 0.5%

NASDAQ:DAVE opened at $374.01 on Friday. The firm has a 50-day simple moving average of $373.43 and a 200-day simple moving average of $277.73. Dave has a one year low of $152.21 and a one year high of $458.25. The firm has a market cap of $4.77 billion, a P/E ratio of 24.25 and a beta of 3.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22.

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 analysts' consensus estimates 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 net margin of 34.58% and a return on equity of 77.46%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities analysts anticipate that Dave will post 13.71 EPS for the current fiscal year.

Dave Company Profile

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.

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