Dave (NASDAQ:DAVE) Given New $490.00 Price Target at Keefe, Bruyette & Woods

Dave (NASDAQ:DAVE) had its price objective hoisted by investment analysts at Keefe, Bruyette & Woods from $485.00 to $490.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the fintech company’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 13.91% from the company’s current price.

Several other research firms have also recently commented on DAVE. UBS Group upped their price target on Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Barrington Research boosted their price objective on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. Lake Street Capital restated a “buy” rating and set a $332.00 price objective on shares of Dave in a research report on Wednesday, May 6th. Citigroup restated an “outperform” rating on shares of Dave in a research note on Thursday. Finally, B. Riley Financial lifted their target price on shares of Dave from $358.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Dave has a consensus rating of “Moderate Buy” and an average target price of $393.20.

Dave Stock Performance

NASDAQ DAVE opened at $430.16 on Thursday. The firm has a market cap of $5.47 billion, a P/E ratio of 27.66 and a beta of 3.83. Dave has a 52-week low of $152.21 and a 52-week high of $458.25. The business’s 50-day moving average price is $353.90 and its 200 day moving average price is $259.45. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95.

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

Insider Buying and Selling at Dave

In other Dave news, 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 transaction of $2,330,773.70. Following the sale, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction on 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 directly owned 5,466 shares in the company, valued at $1,353,654.90. This trade represents a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Dave

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares in the last quarter. Prudential Financial Inc. acquired a new position in Dave during the second quarter worth about $324,000. Invesco Ltd. lifted its holdings in shares of Dave by 2,379.9% in the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after purchasing an additional 93,554 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Dave in the second quarter valued at about $18,710,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Dave in the second quarter valued at approximately $402,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

Dave Company Profile

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.