Dave (NASDAQ:DAVE) Sets New 1-Year High – Should You Buy?

Dave Inc. (NASDAQ:DAVE) shares hit a new 52-week high during trading on Monday . The company traded as high as $355.99 and last traded at $353.5650, with a volume of 19283 shares trading hands. The stock had previously closed at $348.71.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted that ExtraCash scaling, CashAI upgrades, and a Coastal funding shift could support Dave’s 2026 momentum by improving liquidity and capital efficiency. Article Title
• Positive Sentiment: Another Zacks piece said Dave’s AI-led underwriting and small-dollar credit model fit a broader fintech shift toward faster, more capital-efficient lending, reinforcing the bull case for the stock. Article Title
• Positive Sentiment: Zacks also argued that Dave’s raised outlook and earnings momentum help justify the stock’s strong run, even as the valuation makes new buying more selective. Article Title
• Neutral Sentiment: A separate comparison article framed DAVE vs. SOFI as a fintech growth-versus-execution debate, which is more of an investment thesis discussion than a direct catalyst. Article Title
• Negative Sentiment: One Zacks note cautioned that valuation and execution risks could limit upside after the stock’s big rally, which may encourage investors to take a more selective approach. Article Title

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DAVE shares. Citizens Jmp lifted their target price on Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 6th. Canaccord Genuity Group raised their price objective on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Benchmark lowered Dave from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 16th. UBS Group began coverage on Dave in a research note on Tuesday, May 26th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Weiss Ratings raised Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 11th. One equities research 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 company’s stock. Based on data from MarketBeat, Dave presently has an average rating of “Moderate Buy” and a consensus price target of $325.40.

Dave Stock Up 0.3%

The stock has a market capitalization of $4.74 billion, a P/E ratio of 23.96 and a beta of 3.87. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The firm’s fifty day moving average is $275.10 and its 200-day moving average is $224.82.

Dave (NASDAQ:DAVE) last released its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, equities research analysts predict that Dave Inc. will post 15.44 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Dan Preston sold 275 shares of Dave stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their position. The SEC filing for this sale provides additional information. 28.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Dave

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP boosted its stake in shares of Dave by 73.1% in the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after purchasing an additional 390,676 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Dave by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock worth $151,852,000 after buying an additional 30,546 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Dave by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after buying an additional 112,700 shares during the period. Geode Capital Management LLC boosted its stake in Dave by 31.1% in the fourth 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 last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Dave by 20.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock worth $44,069,000 after acquiring an additional 42,262 shares during the period. 18.01% of the stock is owned by institutional investors.

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.