Dave Inc. (NASDAQ:DAVE) Receives $410.82 Average PT from Brokerages

Shares of Dave Inc. (NASDAQ:DAVE) have earned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $410.8182.

Several research firms have weighed in on DAVE. Weiss Ratings raised Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Freedom Capital raised shares of Dave to a “hold” rating in a research report on Thursday, July 30th. Lake Street Capital restated a “buy” rating and set a $450.00 price target on shares of Dave in a report on Thursday, August 6th. UBS Group boosted their price objective on shares of Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Citizens Jmp upped their price objective on shares of Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th.

Hedge Funds Weigh In On Dave

Hedge funds have recently modified their holdings of the stock. WealthCollab LLC purchased a new position in Dave in the second quarter valued at about $30,000. National Bank of Canada FI acquired a new stake in shares of Dave during the 3rd quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new stake in shares of Dave during the 4th quarter valued at about $36,000. GAMMA Investing LLC lifted its holdings in shares of Dave by 43.9% during the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after buying an additional 68 shares during the last quarter. Finally, Harbour Investments Inc. bought a new stake in shares of Dave in the 4th quarter valued at approximately $66,000. 18.01% of the stock is owned by institutional investors and hedge funds.

Dave Price Performance

DAVE opened at $390.86 on Friday. The firm has a market capitalization of $4.99 billion, a P/E ratio of 25.35 and a beta of 3.83. The stock has a fifty day moving average of $378.52 and a 200-day moving average of $284.45. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. Dave has a 12-month low of $152.21 and a 12-month high of $458.25.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($2.95). The business had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities analysts forecast that Dave will post 13.71 EPS for the current fiscal year.

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.