Dave Inc. (NASDAQ:DAVE) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analyst sentiment is moderately bullish: Of 14 analysts covering Dave, 11 rate it a buy, one a strong buy and two a hold. The average 12-month price target is $379.40, with recent targets ranging as high as $485.
• Dave exceeded quarterly expectations: The fintech company reported $3.64 in quarterly EPS versus the $2.86 consensus estimate and revenue of $158.41 million, above expectations of $153.67 million. Management issued fiscal 2026 EPS guidance of $16.25–$16.75.
• Insiders have recently sold shares: CEO Jason Wilk sold 8,474 shares for about $2.33 million, while Director Dan Preston sold 275 shares. Insiders still own 23.59% of Dave, compared with 18.01% held by institutions and hedge funds.

Shares of Dave Inc. (NASDAQ:DAVE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $379.40.

DAVE has been the topic of a number of research analyst reports. Freedom Capital upgraded Dave to a "hold" rating in a research report on Thursday. Citigroup restated an "outperform" rating on shares of Dave in a report on Thursday, July 9th. Weiss Ratings raised shares of Dave from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. Citizens Jmp upped their price objective on Dave from $365.00 to $450.00 and gave the company a "market outperform" rating in a research report on Thursday, July 9th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Dave from $340.00 to $485.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th.

Insider Transactions at Dave

In other news, CEO Jason Wilk sold 8,474 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the transaction, the chief executive officer directly owned 299,950 shares of the company's stock, valued at approximately $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 accessible through this link. Also, Director Dan Preston sold 275 shares of the business's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director owned 5,466 shares of the company's stock, valued at $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 23.59% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. WealthCollab LLC acquired a new position in shares of Dave during the second quarter valued at about $30,000. National Bank of Canada FI acquired a new stake in Dave during the 3rd quarter worth about $30,000. Blue Trust Inc. grew its stake in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company's stock valued at $34,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Dave in the fourth quarter valued at about $36,000. Finally, Harbour Investments Inc. purchased a new position in shares of Dave in the fourth quarter worth about $66,000. 18.01% of the stock is owned by institutional investors and hedge funds.

Dave Price Performance

NASDAQ:DAVE opened at $372.69 on Monday. The business's 50-day simple moving average is $343.41 and its two-hundred day simple moving average is $254.74. The stock has a market cap of $4.74 billion, a PE ratio of 23.97 and a beta of 3.83. Dave has a 52 week low of $152.21 and a 52 week high of $458.25. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The business had revenue of $158.41 million during the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, analysts forecast that Dave will post 15.66 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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