Dave (NASDAQ:DAVE) Price Target Raised to $485.00 at Keefe, Bruyette & Woods

Dave (NASDAQ:DAVE) had its price target increased by stock analysts at Keefe, Bruyette & Woods from $340.00 to $485.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the fintech company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 20.66% from the stock’s current price.

A number of other brokerages also recently weighed in on DAVE. Weiss Ratings downgraded shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. UBS Group started coverage on shares of Dave in a research note on Tuesday, May 26th. They issued a “buy” rating and a $300.00 price target for the company. Barrington Research increased their price target on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. B. Riley Financial raised their price objective on shares of Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $332.00 price objective on shares of Dave in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Dave presently has a consensus rating of “Buy” and a consensus target price of $362.40.

Dave Trading Up 0.3%

Shares of DAVE opened at $401.95 on Monday. Dave has a twelve month low of $152.21 and a twelve month high of $409.00. The stock has a market cap of $5.11 billion, a PE ratio of 25.88 and a beta of 3.82. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The business’s 50-day moving average price is $293.43 and its 200-day moving average price is $235.20.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating the consensus estimate of $2.86 by $0.78. The company had revenue of $158.41 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts forecast that Dave will post 15.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 28.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DAVE. WealthCollab LLC purchased a new position in shares of Dave in the second quarter worth about $30,000. National Bank of Canada FI bought a new position in Dave during the 3rd quarter worth approximately $30,000. Blue Trust Inc. grew its position in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after acquiring an additional 79 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Dave in the 4th quarter worth approximately $36,000. Finally, Westend Capital Management LLC increased its stake in Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares during the period. 18.01% of the stock is owned by institutional investors.

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.