Barrington Research Reaffirms Outperform Rating for Dave (NASDAQ:DAVE)

Dave (NASDAQ:DAVE)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $290.00 target price on the fintech company’s stock. Barrington Research’s target price indicates a potential upside of 21.28% from the stock’s previous close.

Several other research firms also recently commented on DAVE. Benchmark reiterated a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. William Blair reiterated an “accumulate” rating on shares of Dave in a report on Friday, March 13th. Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Wall Street Zen downgraded shares of Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Lake Street Capital reissued a “buy” rating and issued a $332.00 target price on shares of Dave in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $325.88.

Dave Price Performance

Shares of DAVE opened at $239.11 on Wednesday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 15.38 and a beta of 3.93. Dave has a 1-year low of $152.21 and a 1-year high of $287.69. The company’s fifty day simple moving average is $222.50 and its 200 day simple moving average is $209.51. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last issued its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.40 million for the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, research analysts forecast that Dave will post 14.49 earnings per share for the current fiscal year.

Dave announced that its board has authorized a stock buyback program on Monday, March 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the fintech company to buy up to 11.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in shares of Dave by 22.7% in the third quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock worth $13,514,000 after acquiring an additional 12,555 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Dave by 2,267.1% in the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock worth $19,606,000 after acquiring an additional 84,811 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Dave in the third quarter worth about $1,826,000. Wilson Asset Management International PTY Ltd. bought a new position in shares of Dave in the third quarter worth about $1,561,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Dave in the third quarter worth about $3,669,000. Institutional investors own 18.01% of the company’s 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.