Dave (NASDAQ:DAVE) Share Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Dave shares broke above the 200-day moving average, reaching $354.43 and last trading at $353.40, up 2.5%. The stock’s 200-day average is $311.10.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $433.25 price target; several firms set targets between $450 and $480, although Zacks 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. The company provided fiscal 2026 EPS guidance of $17.00–$17.50.

Dave Inc. (NASDAQ:DAVE - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $311.10 and traded as high as $354.43. Dave shares last traded at $353.40, with a volume of 285,425 shares.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Neutral Sentiment: Unrelated gaming news: Multiple reports cover Dave the Diver receiving a physical Switch 2 release and a final downloadable-content expansion based on Subnautica 2. The game is associated with Mintrocket and is unrelated to Dave Inc. (DAVE). Dave the Diver physical release Dave the Diver Switch 2 release Dave the Diver Subnautica 2 DLC
• Neutral Sentiment: Unrelated restaurant promotions: Dave’s Hot Chicken announced an annual free-slider giveaway, while coverage compared Wendy’s Dave’s Single with Burger King’s Whopper. Neither business is owned by or affiliated with Dave Inc. Dave’s Hot Chicken giveaway Whopper versus Dave’s Single
• Neutral Sentiment: Articles about Dave Ramsey’s personal-finance advice, Dave’s Cosmic Subs, and footwear executive Dave Powers also involve unrelated individuals or companies and have no apparent impact on DAVE. Dave Ramsey withdrawal rate Dave’s Cosmic Subs Toledo update Dave Powers joins Stoke Shoes

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DAVE shares. Canaccord Genuity Group raised their price objective on shares of Dave from $342.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Citigroup reissued an "outperform" rating on shares of Dave in a research note on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of Dave in a report on Tuesday, September 15th. They set an "overweight" rating and a $480.00 target price for the company. Lake Street Capital restated a "buy" rating and issued a $450.00 price target on shares of Dave in a research report on Thursday, August 6th. Finally, Zacks Research cut Dave from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $433.25.

Dave Trading Up 2.5%

The company has a fifty day simple moving average of $353.63 and a 200-day simple moving average of $311.10. 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 $4.51 billion, a price-to-earnings ratio of 22.92 and a beta of 3.92.

Dave (NASDAQ:DAVE - Get Free Report) last announced its earnings results 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 firm had revenue of $170.79 million during the quarter, compared to analyst estimates 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. On average, research analysts forecast that Dave Inc. will post 13.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dave

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Dave by 20.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company's stock valued at $44,069,000 after purchasing an additional 42,262 shares during the period. Estuary Capital Management LP acquired a new stake in shares of Dave in the first quarter worth $20,556,000. Cooper Creek Partners Management LLC purchased a new position in shares of Dave during the first quarter valued at $18,313,000. Sei Investments Co. grew its holdings in shares of Dave by 21.4% during the first quarter. Sei Investments Co. now owns 98,435 shares of the fintech company's stock valued at $17,135,000 after buying an additional 17,320 shares in the last quarter. Finally, Findell Capital Management LLC grew its holdings in shares of Dave by 84.2% during the fourth quarter. Findell Capital Management LLC now owns 70,000 shares of the fintech company's stock valued at $15,499,000 after buying an additional 32,000 shares in the last quarter. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave Company Profile

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.

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