Dave (NASDAQ:DAVE) Stock Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Dave shares crossed above their 200-day moving average, reaching $324.99 and last trading at $321.51 versus the $305.20 average.
• Analyst sentiment is broadly positive: 14 analysts rate Dave a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $433.25. Canaccord Genuity recently raised its target to $450.
• Dave’s latest quarterly results missed expectations, with earnings per share of $0.49 versus the $3.44 consensus, although revenue of $170.79 million was near estimates. Institutional ownership stands at 18.01%, with several major investors increasing their stakes.

Dave Inc. (NASDAQ:DAVE - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $305.20 and traded as high as $324.99. Dave shares last traded at $321.51, with a volume of 185,874 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup reaffirmed an "outperform" rating on shares of Dave in a report on Thursday, August 6th. Weiss Ratings upgraded Dave from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, September 16th. Wall Street Zen lowered Dave from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th. Freedom Capital upgraded Dave to a "hold" rating in a research note on Thursday, July 30th. Finally, Canaccord Genuity Group upped their price target on Dave from $342.00 to $450.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Dave presently has an average rating of "Moderate Buy" and a consensus target price of $433.25.

Dave Price Performance

The company has a market capitalization of $4.10 billion, a PE ratio of 20.85 and a beta of 3.83. The company's 50-day simple moving average is $359.30 and its 200-day simple moving average is $305.20. 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 posted its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The company had revenue of $170.79 million for the quarter, compared to analysts' expectations of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, sell-side analysts anticipate that Dave Inc. will post 12.9 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DAVE. Estuary Capital Management LP acquired a new position in Dave during the 1st quarter worth approximately $20,556,000. Cooper Creek Partners Management LLC purchased a new position in shares of Dave during the 1st quarter worth approximately $18,313,000. Geode Capital Management LLC lifted its holdings in shares of Dave by 31.1% in the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company's stock valued at $70,483,000 after buying an additional 75,576 shares during the period. Granahan Investment Management LLC lifted its holdings in shares of Dave by 3,325.5% in the 1st quarter. Granahan Investment Management LLC now owns 65,462 shares of the fintech company's stock valued at $11,396,000 after buying an additional 63,551 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Dave by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company's stock valued at $44,069,000 after buying an additional 42,262 shares in the last quarter. 18.01% of the stock is 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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