Dave (NASDAQ:DAVE) Receives “Outperform” Rating from Barrington Research

Dave (NASDAQ:DAVE)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a research report issued on Tuesday,Benzinga reports. They currently have a $290.00 price target on the fintech company’s stock. Barrington Research’s target price suggests a potential upside of 28.69% from the stock’s previous close.

Several other analysts have also recently commented on the company. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a report on Saturday. Lake Street Capital lifted their price target on shares of Dave from $308.00 to $326.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Weiss Ratings cut Dave from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods raised their price objective on Dave from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Benchmark reaffirmed a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $312.13.

Dave Stock Performance

NASDAQ:DAVE traded up $3.92 during mid-day trading on Tuesday, reaching $225.34. The stock had a trading volume of 666,366 shares, compared to its average volume of 592,751. Dave has a twelve month low of $65.46 and a twelve month high of $286.45. The business has a 50 day simple moving average of $193.17 and a 200 day simple moving average of $207.32. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 16.69 and a beta of 3.85.

Dave announced that its Board of Directors has approved a share repurchase plan on Monday, March 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Imran Khan sold 33,270 shares of the business’s stock in a transaction on 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 $420,607.40. The trade was a 94.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 97,771 shares of company stock worth $19,194,391 over the last ninety days. Company insiders own 28.48% of the company’s stock.

Institutional Investors Weigh In On Dave

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

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlights that DAVE has climbed ~165% over the past year and asks whether the stock remains a buy — this positive performance/coverage can attract investor interest and support the rally. Dave Soars 165% in a Year: Should You Invest in Its Stock Now?
• Neutral Sentiment: Short-interest report in the feed appears noisy/incorrect (shows a large increase but lists 0 shares and NaN), so there’s no clear signal of a material new short position pressuring DAVE; treat the data as unreliable until confirmed by official filings. (No link — internal short-interest note)
• Neutral Sentiment: Multiple news reports detail shootings and an arrest at Dave & Buster’s locations. Those stories concern Dave & Buster’s (operator ticker PLAY), not Dave Inc., so they are unlikely to affect DAVE’s fundamentals directly — though negative headlines in leisure/consumer venues can briefly worsen sector sentiment. Representative reports: Dave & Buster’s employee shot teen with gun during altercation Juvenile wounded in shooting at Dave & Buster’s Police: Dave & Buster’s worker shot teen who was threatening others
• Neutral Sentiment: Press coverage also notes Dave & Buster’s launched new multi-day unlimited gameplay passes (60-day pass / $1-a-day framing). Those promotions could boost traffic for that chain (PLAY) but are not directly relevant to Dave Inc.’s fintech business; useful for sector context only. Dave & Buster’s offers 60 days of unlimited gameplay Dave & Buster’s just launched something huge — and it only costs $1 a day

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.