Dave (NASDAQ:DAVE) Hits New 12-Month High – Still a Buy?

Dave Inc. (NASDAQ:DAVE) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $456.60 and last traded at $449.75, with a volume of 747 shares. The stock had previously closed at $438.28.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DAVE. Citizens Jmp raised their price target on Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research report on Thursday, July 9th. B. Riley Financial boosted their price objective on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Benchmark raised their target price on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Barrington Research lifted their target price on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Dave in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $379.40.

Dave Trading Up 2.6%

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 firm has a market cap of $5.72 billion, a price-to-earnings ratio of 29.06 and a beta of 3.82. The business has a 50 day moving average of $314.01 and a 200 day moving average of $243.72.

Dave (NASDAQ:DAVE) last announced its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The firm had revenue of $158.41 million during 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 Inc. will post 15.45 earnings per share for the current fiscal year.

Insider Activity at Dave

In related news, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Dave

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Dave by 4.7% in the 4th 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 increased its stake in shares of Dave by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after acquiring an additional 112,700 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Dave by 31.1% during the 4th 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. Dimensional Fund Advisors LP lifted its holdings in shares of 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. Finally, State Street Corp lifted its holdings in shares of Dave by 10.6% during the 4th quarter. State Street Corp now owns 233,163 shares of the fintech company’s stock worth $51,625,000 after acquiring an additional 22,274 shares during the period. 18.01% of the stock is currently owned by hedge funds and other 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.