Dave (NASDAQ:DAVE) Price Target Raised to $295.00

Dave (NASDAQ:DAVE) had its price objective boosted by Keefe, Bruyette & Woods from $250.00 to $295.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the fintech company’s stock.

Several other research firms have also issued reports on DAVE. Lake Street Capital reissued a “buy” rating on shares of Dave in a research report on Wednesday, December 24th. B. Riley Financial reaffirmed a “buy” rating and set a $297.00 price objective (up from $277.00) on shares of Dave in a report on Wednesday, November 5th. Citizens Jmp set a $310.00 target price on Dave in a report on Wednesday, November 5th. Weiss Ratings downgraded Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. Finally, Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $312.13.

Dave Price Performance

Shares of DAVE stock opened at $218.21 on Tuesday. Dave has a one year low of $65.46 and a one year high of $286.45. The stock has a fifty day moving average price of $193.53 and a 200 day moving average price of $206.72. The stock has a market cap of $2.95 billion, a P/E ratio of 16.16 and a beta of 3.86.

Dave declared that its Board of Directors has initiated a share buyback program on Monday, March 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at Dave

In related news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 97,771 shares of company stock worth $19,194,391 over the last quarter. 28.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in shares of Dave by 4,933.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after buying an additional 148 shares during the period. Teacher Retirement System of Texas acquired a new position in Dave during the 2nd quarter valued at about $377,000. Sigma Planning Corp bought a new position in shares of Dave in the 2nd quarter valued at about $425,000. Bank of New York Mellon Corp boosted its stake in shares of Dave by 29.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,992 shares of the fintech company’s stock valued at $9,392,000 after purchasing an additional 7,893 shares during the last quarter. Finally, Bryce Point Capital LLC acquired a new stake in shares of Dave during the 2nd quarter worth approximately $778,000. 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: Company priced an upsized $175M 0% convertible senior notes offering due 2031 and entered into capped‑call hedges; Dave expects ~ $168M net proceeds and will use about $70.5M to repurchase ~334,000 shares while the capped calls limit dilution (cap initially $421.34/share). This financing supports buybacks while preserving conversion premiums. Article Title
• Positive Sentiment: Board approved a separate, larger $300M share‑repurchase authorization (up to ~11.2% of shares outstanding), signaling management’s view that the stock is undervalued and providing substantial cash support for the share price. Article Title
• Positive Sentiment: Several brokerages raised price targets and upgraded coverage recently (examples include Lake Street, Keefe Bruyette & Woods, Canaccord Genuity, B. Riley and reaffirmations from Barrington), which can boost sentiment and buying interest. Article Title
• Positive Sentiment: Dave reported strong top‑line momentum (Q4 2025 revenue of $163.7M, ~+62% YoY), supporting the case for continued growth and providing fundamental backing for higher valuations. Article Title
• Neutral Sentiment: Short‑interest data reported in recent feeds shows anomalous zero/NaN values (short interest and days to cover reported as 0/NaN), making it unclear whether short activity is a material near‑term force on the stock price.
• Negative Sentiment: Insider activity and capital structure caveats: Quiver/filings show heavy insider selling (many open‑market sales and no recent purchases), and the convertible issuance increases secured access to capital and potential future dilution if conversions occur — though capped calls mitigate some dilution risk. Article Title

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.