Dave (NASDAQ:DAVE) Rating Increased to Strong-Buy at Benchmark

Benchmark upgraded shares of Dave (NASDAQ:DAVE) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on DAVE. Citizens Jmp boosted their price target on Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 6th. B. Riley Financial increased their price objective on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Evercore initiated coverage on Dave in a report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 target price on the stock. Citigroup restated an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th. Finally, Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Dave currently has a consensus rating of “Buy” and a consensus price target of $338.40.

Dave Stock Up 2.8%

DAVE stock opened at $383.13 on Wednesday. The company has a fifty day moving average price of $277.41 and a 200 day moving average price of $226.08. Dave has a 12 month low of $152.21 and a 12 month high of $404.44. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 24.64 and a beta of 3.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.78. The company had revenue of $158.41 million for the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Sell-side analysts expect that Dave will post 15.44 earnings per share for the current year.

Insider Transactions at Dave

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

Institutional Trading of Dave

A number of institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in Dave by 2,267.1% in the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after acquiring an additional 84,811 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Dave by 372.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock worth $1,293,000 after purchasing an additional 4,604 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of Dave in the 3rd quarter valued at about $1,826,000. Neuberger Berman Group LLC purchased a new position in shares of Dave in the 3rd quarter valued at about $26,726,000. Finally, Azora Capital LP lifted its stake in shares of Dave by 87.9% in the third quarter. Azora Capital LP now owns 133,242 shares of the fintech company’s stock valued at $26,562,000 after purchasing an additional 62,318 shares during the period. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Benchmark raised its price target on Dave Inc. to $475 from $345 and kept a positive view, reinforcing bullish sentiment around the stock. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Investors are also reacting to Dave’s strong first-quarter results, with revenue up 47% year over year and profitability improving sharply, which supports the company’s growth story. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Recent guidance increases for 2026 revenue, adjusted EBITDA, and adjusted EPS continue to suggest management sees sustained momentum ahead. Dave Stock Outlook as CashAI and ExtraCash Fuel 2026 Momentum
• Positive Sentiment: The company’s shift to a bank-partnership funding model for ExtraCash may improve capital efficiency, lower funding costs, and unlock more than $200 million in liquidity, which investors may view as a meaningful balance-sheet catalyst. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates

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.