Dave Inc. (NASDAQ:DAVE) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Dave Inc. (NASDAQ:DAVE - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $315.25.

A number of brokerages have commented on DAVE. Lake Street Capital increased their price objective on Dave from $308.00 to $326.00 and gave the company a "buy" rating in a research report on Tuesday, March 3rd. Canaccord Genuity Group boosted their target price on Dave from $274.00 to $328.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Wall Street Zen lowered Dave from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Zacks Research upgraded Dave from a "hold" rating to a "strong-buy" rating in a report on Monday, February 16th. Finally, Citigroup reiterated an "outperform" rating on shares of Dave in a research report on Friday, April 10th.

Institutional Investors Weigh In On Dave

Institutional investors and hedge funds have recently modified their holdings of the business. Divisadero Street Capital Management LP lifted its holdings in Dave by 73.1% in the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company's stock valued at $184,452,000 after buying an additional 390,676 shares during the period. Vanguard Group Inc. grew its holdings in Dave by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company's stock worth $151,852,000 after acquiring an additional 30,546 shares during the period. Renaissance Technologies LLC grew its holdings in Dave by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company's stock worth $110,506,000 after acquiring an additional 112,700 shares during the period. 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 valued at $70,483,000 after acquiring an additional 75,576 shares during the last quarter. Finally, State Street Corp raised its position in shares of Dave by 10.6% during the 4th quarter. State Street Corp now owns 233,163 shares of the fintech company's stock valued at $51,625,000 after acquiring an additional 22,274 shares during the last quarter. 18.01% of the stock is owned by institutional investors.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks lists DAVE among technology services/neobank names likely to benefit from continued industry tailwinds, suggesting revenue and cash-flow upside as fintech adoption persists. 3 Technology Services Stocks to Consider Despite Industry Challenges
• Positive Sentiment: Zacks published a note highlighting that DAVE hit a 52-week high and discussed whether the run can continue, which can attract momentum and retail/quant flows that follow breakout stories. Dave Inc. (DAVE) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Dave announced its Q1 2026 earnings conference call for May 5, 2026 (results released prior to the call). This is the next scheduled catalyst — positive or negative reaction will depend on revenue growth, profitability metrics, user/engagement trends, and guidance. Dave to Host First Quarter 2026 Conference Call on May 5, 2026 at 5:00 p.m. ET

Dave Price Performance

Shares of Dave stock opened at $274.56 on Friday. The firm has a market cap of $3.72 billion, a P/E ratio of 20.34 and a beta of 3.81. The firm has a 50 day simple moving average of $203.53 and a 200 day simple moving average of $206.50. Dave has a fifty-two week low of $88.58 and a fifty-two week high of $287.69.

Dave declared that its Board of Directors has initiated a stock repurchase plan on Monday, March 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the fintech company to buy up to 11.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

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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