Dave (NASDAQ:DAVE) Releases FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 14.000-15 for the period, compared to the consensus earnings per share estimate of 12.270. The company issued revenue guidance of $690.0 million-$710.0 million, compared to the consensus revenue estimate of $642.8 million.

Analysts Set New Price Targets

Several research firms recently issued reports on DAVE. Wall Street Zen raised shares of Dave from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Citizens Jmp set a $310.00 price target on Dave in a research report on Wednesday, November 5th. Barrington Research reiterated an “outperform” rating and set a $290.00 price target on shares of Dave in a research note on Monday. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Canaccord Genuity Group raised their price objective on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $309.13.

Dave Trading Up 1.3%

Dave stock opened at $201.54 on Tuesday. The business has a 50 day moving average price of $194.31 and a two-hundred day moving average price of $206.55. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. Dave has a 12 month low of $65.46 and a 12 month high of $286.45. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 19.97 and a beta of 3.89.

Insider Buying and Selling

In other Dave news, Director Imran Khan sold 33,270 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $199.34, for a total transaction of $6,632,041.80. Following the completion of the transaction, the director owned 2,110 shares in the company, valued at $420,607.40. This trade represents a 94.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 97,771 shares of company stock valued at $19,194,391 over the last three months. 28.48% of the stock is owned by company insiders.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Company posted very strong Q4 and FY‑2025 results: Q4 revenue rose 62% to $163.7M, Q4 net income grew ~292% to $66.0M, and FY revenue increased ~60% to $554.2M; adjusted EBITDA and margins also expanded — these operational and profit improvements are driving investor optimism. Read More.
• Positive Sentiment: EPS and revenue beats: reported EPS $3.69, beating Zacks/consensus estimates and up sharply year‑over‑year; revenue slightly topped analyst forecasts — the beats support the rally. Read More.
• Positive Sentiment: Analyst support: Barrington Research reaffirmed an “outperform” rating and set a $290 price target, signaling material upside from current levels and likely reinforcing buyer interest. Read More.
• Neutral Sentiment: Earnings call transcript available — investors should review management commentary on loan performance, guidance, capital allocation and margin sustainability to assess how durable the results are. Read More.
• Neutral Sentiment: Short‑interest data reported is effectively non‑informative (shows zero / NaN entries), so current positioning signals from short sellers are unclear — this limits interpretation of any short-covering dynamics.
• Negative Sentiment: Stock remains relatively volatile (beta ~3.9) and is below its 12‑month high, so despite the strong quarter, shares can swing widely on guidance or credit/loan performance updates — monitor capital‑markets sensitivity and any forward guidance risk.

Institutional Trading of Dave

A number of hedge funds and other institutional investors have recently made changes to their positions in DAVE. Axxcess Wealth Management LLC bought a new position in shares of Dave in the fourth quarter valued at about $1,629,000. Vident Advisory LLC raised its stake in shares of Dave by 14.6% in the fourth quarter. Vident Advisory LLC now owns 4,543 shares of the fintech company’s stock worth $1,006,000 after acquiring an additional 579 shares during the last quarter. Delta Global Management LP acquired a new position in shares of Dave during the fourth quarter worth approximately $543,000. Regal Partners Ltd increased its holdings in shares of Dave by 184.9% in the fourth quarter. Regal Partners Ltd now owns 15,001 shares of the fintech company’s stock valued at $3,321,000 after purchasing an additional 9,735 shares in the last quarter. Finally, XTX Topco Ltd raised its position in Dave by 135.6% in the 4th quarter. XTX Topco Ltd now owns 11,424 shares of the fintech company’s stock worth $2,529,000 after purchasing an additional 6,576 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

About Dave

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.