Citizens Jmp Forecasts Strong Price Appreciation for Dave (NASDAQ:DAVE) Stock

Dave (NASDAQ:DAVE) had its price objective boosted by stock analysts at Citizens Jmp from $450.00 to $475.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the fintech company’s stock. Citizens Jmp’s target price would indicate a potential upside of 49.40% from the company’s previous close.

DAVE has been the subject of several other reports. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research note on Thursday. UBS Group increased their price objective on shares of Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Evercore began coverage on Dave in a research note on Wednesday, May 27th. They issued a “hold” rating and a $260.00 target price for the company. Freedom Capital raised Dave to a “hold” rating in a research report on Thursday, July 30th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $332.00 price target on shares of Dave in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dave has a consensus rating of “Moderate Buy” and a consensus target price of $412.90.

Dave Price Performance

Dave stock opened at $317.93 on Thursday. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 20.62 and a beta of 3.83. Dave has a 52-week low of $152.21 and a 52-week high of $458.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.86 and a current ratio of 4.22. The stock’s 50 day moving average price is $356.53 and its two-hundred day moving average price is $261.06.

Dave (NASDAQ:DAVE) last released its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The company had revenue of $170.79 million during the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, equities analysts predict that Dave will post 15.66 earnings per share for the current year.

Insider Buying and Selling at Dave

In other news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dan Preston sold 275 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 23.59% of the company’s stock.

Hedge Funds Weigh In On Dave

Several large investors have recently added to or reduced their stakes in DAVE. Ameriprise Financial Inc. increased its holdings in Dave by 819.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after purchasing an additional 186,273 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Dave in the fourth quarter worth approximately $27,874,000. Wellington Management Group LLP lifted its holdings in shares of Dave by 200.7% in the third quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after purchasing an additional 118,203 shares in the last quarter. Estuary Capital Management LP bought a new position in shares of Dave in the first quarter valued at approximately $20,556,000. Finally, Renaissance Technologies LLC boosted its position in shares of Dave by 29.2% during the fourth quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after buying an additional 112,700 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Raised 2026 outlook: Dave projected revenue of $725 million to $735 million and adjusted diluted EPS of $17.00 to $17.50. Management cited growth from CashAI v6, higher ExtraCash limits and improving credit losses, although it plans to increase marketing spending in the second half. Dave raises 2026 guidance
• Positive Sentiment: Analysts raised price targets: Citizens JMP increased its target to $475 and kept a market outperform rating; Keefe, Bruyette & Woods raised its target to $490 with an outperform rating; and B. Riley lifted its target to $449 with a buy rating. The revisions signal continued confidence in Dave’s earnings and product growth. Citizens JMP forecast KBW price target
• Positive Sentiment: Growth strategy remains centered on CashAI: Earnings-call coverage highlighted stronger user monetization, larger ExtraCash advances and improving credit performance as key drivers of the higher outlook. CashAI-led growth
• Neutral Sentiment: Coverage of Q2 earnings is mixed: One report cited adjusted EPS of $4.12, above the $3.69 consensus, while the company’s reported earnings data showed $0.49 EPS versus a $3.44 estimate. Investors may therefore be focusing on the distinction between adjusted and reported results. Dave Q2 earnings
• Negative Sentiment: Valuation and volatility concerns: Barron’s described Dave’s dramatic rebound after a prior 1-for-32 reverse split as a cautionary example for investors amid renewed SPAC activity. The stock’s elevated valuation and history of extreme volatility may be prompting profit-taking despite bullish targets. SPAC cautionary tale

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.