Dave’s (DAVE) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Dave (NASDAQ:DAVE) in a research note issued to investors on Monday morning,Benzinga reports. Barrington Research currently has a $290.00 target price on the fintech company’s stock.

Other equities research analysts have also issued reports about the stock. Weiss Ratings lowered shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Lake Street Capital reissued a “buy” rating on shares of Dave in a research note on Wednesday, December 24th. Wall Street Zen upgraded Dave from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Citizens Jmp set a $310.00 target price on Dave in a report on Wednesday, November 5th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $297.00 price target (up from $277.00) on shares of Dave in a research report on Wednesday, November 5th. One 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Trading Up 0.9%

NASDAQ:DAVE opened at $210.67 on Monday. The stock’s 50-day moving average is $193.72 and its 200-day moving average is $206.63. Dave has a 1-year low of $65.46 and a 1-year high of $286.45. The stock has a market cap of $2.84 billion, a P/E ratio of 15.61 and a beta of 3.86.

Dave announced that its Board of Directors has approved a share buyback plan on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to buy up to 11.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Dave

In other news, Director Imran Khan sold 33,270 shares of Dave 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 completion of the transaction, the director directly owned 2,110 shares of the company’s stock, valued at approximately $420,607.40. This trade represents a 94.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 97,771 shares of company stock valued at $19,194,391. Company insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Dave

Hedge funds have recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP lifted its stake in Dave by 73.1% in the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after buying an additional 390,676 shares during the period. Vanguard Group Inc. increased its stake in shares of Dave by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock valued at $151,852,000 after acquiring an additional 30,546 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Dave by 29.2% in the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after acquiring an additional 112,700 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Dave by 31.1% during the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock valued at $70,483,000 after acquiring an additional 75,576 shares during the period. Finally, State Street Corp boosted its stake in Dave by 10.6% during the fourth quarter. State Street Corp now owns 233,163 shares of the fintech company’s stock worth $51,625,000 after acquiring an additional 22,274 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q4 revenue and growth — Dave reported Q4 2025 revenues of $163.7M, up ~62% year-over-year, highlighting high-velocity top-line scaling that supports higher valuation expectations. Zacks: Revenues Surge
• Positive Sentiment: Upgraded guidance — Dave updated FY2026 guidance well above Street estimates (EPS and revenue ranges), which supports upward revisions to earnings models and helped lift sentiment. Guidance Update
• Positive Sentiment: Analyst upgrades and price-target raises — Multiple firms (Canaccord, Keefe Bruyette & Woods, B. Riley, Lake Street) raised price targets and ratings, increasing implied upside and likely attracting buying interest. Benzinga: Analyst Actions
• Positive Sentiment: $300M buyback — The board authorized repurchases up to $300M (≈11.2% of shares), a clear capital-return signal that often supports the share price. RTT News: Buyback
• Neutral Sentiment: Convertible-notes offering with capped calls ($150M) — Dave intends to raise $150M via convertible senior notes due 2031, with proceeds earmarked for capped-call hedges and share repurchases; this funds buybacks but introduces financing complexity and potential future conversion dynamics. GlobeNewswire: Convertible Notes
• Neutral Sentiment: Convertible-notes market activity — Counterparties expect to hedge via derivatives and possible market purchases, which can either lift the stock (buying to hedge) or add volatility depending on timing. QuiverQuant: Notes Details
• Neutral Sentiment: Short-interest data appears unreliable — recent short-interest entries show zeros/NaN and a 0.0-day ratio; treat that dataset cautiously until corrected. (No link; internal data feed.)
• Negative Sentiment: Heavy insider selling — aggregated filings show substantial insider sales by executives over recent months, which can concern investors about near-term insider conviction despite corporate buybacks. QuiverQuant: Insider Activity
• Positive Sentiment: Barrington reaffirmation — Barrington Research reiterated an Outperform rating, adding to the supportive analyst backdrop. AmericanBankingNews: Barrington

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.