Dave (NASDAQ:DAVE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dave (NASDAQ:DAVE) from a hold rating to a buy rating in a report released on Saturday morning.

Several other brokerages have also recently weighed in on DAVE. B. Riley Financial reiterated a “buy” rating and set a $297.00 target price (up from $277.00) on shares of Dave in a research report on Wednesday, November 5th. Citizens Jmp boosted their price target on Dave from $300.00 to $310.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 5th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price objective on shares of Dave in a research report on Monday, November 3rd. Zacks Research lowered shares of Dave from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Finally, Weiss Ratings downgraded shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $304.25.

Dave Stock Performance

Shares of NASDAQ:DAVE opened at $185.23 on Friday. Dave has a 12-month low of $65.46 and a 12-month high of $286.45. The company’s 50 day moving average price is $201.61 and its two-hundred day moving average price is $210.05. The firm has a market cap of $2.50 billion, a PE ratio of 18.36 and a beta of 3.89. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26.

Insider Activity at Dave

In other Dave news, CEO Jason Wilk sold 7,393 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $203.77, for a total value of $1,506,471.61. Following the completion of the transaction, the chief executive officer directly owned 210,461 shares in the company, valued at approximately $42,885,637.97. This trade represents a 3.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Imran Khan sold 33,270 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $199.34, for a total value of $6,632,041.80. Following the sale, the director owned 2,110 shares in the company, valued at approximately $420,607.40. This trade represents a 94.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 105,164 shares of company stock valued at $20,700,863. 28.48% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its stake in Dave by 3.2% during the second quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock worth $524,000 after purchasing an additional 60 shares during the period. Brevan Howard Capital Management LP lifted its stake in Dave by 1.6% in the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock valued at $767,000 after buying an additional 62 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after buying an additional 65 shares in the last quarter. Blue Trust Inc. grew its position in shares of Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Dave by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after buying an additional 88 shares during the period. Institutional investors own 18.01% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Keefe, Bruyette & Woods initiated coverage with an “outperform” rating, providing fresh institutional validation that can attract buy-side interest and support the rally.
• Positive Sentiment: Analyst consensus across outlets has shifted toward a favorable view — Dave has an average recommendation of “Moderate Buy,” which reinforces the bullish narrative for investors. Article Title
• Neutral Sentiment: Recent coverage flagged a pre-market gap-up and asked whether the move is a buy opportunity; that note highlights short-term momentum and trader interest but offers no new fundamental update. Article Title
• Neutral Sentiment: Several widely circulated media items reference public figures named “Dave” (e.g., Dave Portnoy, Dave Chappelle). These stories can create social-media noise and search-volume spikes but are unrelated to Dave Inc.’s business fundamentals and are unlikely to change core valuation. Example coverage: Article Title Article Title

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.