Dave (NASDAQ:DAVE) Price Target Raised to $475.00

Dave (NASDAQ:DAVE) had its target price raised by Citizens Jmp from $450.00 to $475.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the fintech company’s stock. Citizens Jmp’s price objective indicates a potential upside of 10.42% from the company’s previous close.

A number of other brokerages have also commented on DAVE. Evercore initiated coverage on Dave in a research report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective for the company. Canaccord Genuity Group upped their target price on shares of Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Benchmark raised their target price on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Citigroup reiterated an “outperform” rating on shares of Dave in a research report on Thursday. Finally, B. Riley Financial boosted their price target on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $392.70.

Dave Stock Up 0.2%

Shares of DAVE opened at $430.16 on Thursday. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 27.66 and a beta of 3.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The business’s fifty day moving average price is $353.90 and its two-hundred day moving average price is $259.45. Dave has a 52 week low of $152.21 and a 52 week high of $458.25.

Dave (NASDAQ:DAVE) last released its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a return on equity of 77.70% and a net margin of 37.22%.The firm had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, analysts predict that Dave will post 15.66 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Jason Wilk sold 8,474 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the sale, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 23.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DAVE. Ameriprise Financial Inc. grew its holdings in shares of Dave by 819.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after buying an additional 186,273 shares during the period. Jefferies Financial Group Inc. acquired a new stake in Dave during the 4th quarter worth $27,874,000. Wellington Management Group LLP raised its stake in Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock worth $35,305,000 after buying an additional 118,203 shares during the period. Estuary Capital Management LP bought a new position in Dave during the first quarter worth about $20,556,000. Finally, Renaissance Technologies LLC lifted its holdings in Dave by 29.2% during the fourth quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock worth $110,506,000 after acquiring an additional 112,700 shares in the last quarter. 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: Dave reported second-quarter revenue of $170.8 million, up 30% year over year, while adjusted EBITDA rose 48% to $75.5 million, representing a 44% margin. ExtraCash originations increased 27% to $2.3 billion, and the 28-day delinquency rate improved 14 basis points to 2.12%, supporting the company’s growth and credit-quality narrative. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management raised fiscal 2026 guidance to revenue of $725 million-$735 million and EPS of $17.00-$17.50, above analyst expectations of approximately $714.7 million and $16.36, respectively. The higher outlook signals confidence in continued member growth, monetization and operating leverage. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: One earnings analysis reported quarterly EPS of $4.12, ahead of the $3.69 consensus estimate and up from $3.14 a year earlier, adding to the bullish interpretation of the results. Dave Inc. Tops Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Reported net income was $6.7 million after $36.9 million in non-cash warrant and earnout remeasurement charges. Investors are therefore likely to focus more heavily on adjusted EBITDA and the precise definition of EPS when evaluating the quarter.
• Negative Sentiment: Another earnings report listed EPS of $0.49, below a $3.44 consensus estimate, despite essentially in-line revenue of $170.79 million. This apparent difference in earnings methodology or data presentation may create confusion and short-term selling pressure. Dave Earnings Report
• Negative Sentiment: With a market capitalization of roughly $5.5 billion, a P/E near 28 and shares well above their 50- and 200-day moving averages, valuation and expectations are demanding. Any slowdown in ExtraCash growth or deterioration in credit metrics could disproportionately affect the stock.

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.