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

Key Points

• Analyst sentiment is moderately bullish: Seventeen firms rate Dave Inc. an average “Moderate Buy,” with 14 buys and three holds. The consensus 12-month price target is $433.25.
• Several analysts recently raised their targets, including Keefe, Bruyette & Woods to $490, UBS to $470, JPMorgan to $480, and Citizens JMP to $475.
• Dave reported quarterly EPS of $0.49, below the $3.44 consensus estimate, while revenue of $170.79 million was roughly in line with expectations. Institutional investors own 18.01% of the company.

Dave Inc. (NASDAQ:DAVE - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $433.25.

DAVE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Dave from $485.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. Canaccord Genuity Group boosted their price objective on Dave from $342.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 6th. UBS Group upped their price objective on Dave from $300.00 to $470.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. initiated coverage on Dave in a report on Tuesday, September 15th. They set an "overweight" rating and a $480.00 target price on the stock. Finally, Citizens Jmp lifted their target price on Dave from $450.00 to $475.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 6th.

Dave Stock Performance

Dave stock opened at $350.65 on Tuesday. Dave has a 52 week low of $152.21 and a 52 week high of $458.25. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93. The stock has a market cap of $4.47 billion, a P/E ratio of 22.74 and a beta of 3.83. The stock has a 50 day moving average of $373.98 and a 200-day moving average of $299.73.

Dave (NASDAQ:DAVE - Get Free Report) last issued its quarterly earnings results 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). Dave had a return on equity of 77.46% and a net margin of 34.58%.The company had revenue of $170.79 million during the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, analysts expect that Dave will post 13.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Dave

Several institutional investors and hedge funds have recently bought and sold shares of DAVE. Geode Capital Management LLC raised its position in shares of Dave by 31.1% during the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company's stock worth $70,483,000 after purchasing an additional 75,576 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Dave by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company's stock valued at $44,069,000 after acquiring an additional 42,262 shares during the period. Estuary Capital Management LP acquired a new position in shares of Dave during the first quarter valued at $20,556,000. Cooper Creek Partners Management LLC bought a new position in shares of Dave during the first quarter worth about $18,313,000. Finally, Sei Investments Co. increased its holdings in shares of Dave by 21.4% in the 1st quarter. Sei Investments Co. now owns 98,435 shares of the fintech company's stock worth $17,135,000 after acquiring an additional 17,320 shares during the period. Institutional investors and hedge funds own 18.01% of the company's stock.

About Dave

Dave Inc is a financial technology company that operates a digital banking platform designed to help consumers manage everyday finances. Through its mobile application, the company provides tools intended to support budgeting, spending, saving and access to short-term funds.

Dave's products include Dave Spending, a spending account and debit card offering, as well as budgeting and automatic savings features. Its ExtraCash product provides eligible users with access to advances intended to help manage short-term cash needs.

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