Dave (NASDAQ:DAVE) Updates FY 2026 Earnings Guidance

Dave (NASDAQ:DAVE) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 17.000-17.500 for the period, compared to the consensus estimate of 16.360. The company issued revenue guidance of $725.0 million-$735.0 million, compared to the consensus revenue estimate of $714.7 million.

Dave Stock Performance

Shares of Dave stock traded up $0.90 during trading hours on Wednesday, reaching $430.16. The company had a trading volume of 421,335 shares, compared to its average volume of 570,165. The firm has a market cap of $5.47 billion, a PE ratio of 27.66 and a beta of 3.83. Dave has a one year low of $152.21 and a one year high of $458.25. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The business has a fifty day simple moving average of $350.42 and a 200 day simple moving average of $257.77.

Dave (NASDAQ:DAVE) last posted its earnings results on Wednesday, August 5th. The fintech company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.44 by $0.68. Dave had a return on equity of 77.70% and a net margin of 37.22%.The business had revenue of $170.79 million during 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, analysts anticipate that Dave will post 15.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DAVE shares. Citizens Jmp raised their price objective on Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research note on Thursday, July 9th. Evercore started coverage on Dave in a research report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective for the company. B. Riley Financial increased their price objective on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Freedom Capital upgraded shares of Dave to a “hold” rating in a report on Thursday, July 30th. Finally, UBS Group upped their price objective on shares of Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. One 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $379.40.

Insider Transactions at Dave

In related news, Director Dan Preston sold 275 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the sale, the director owned 5,466 shares in the company, valued at $1,353,654.90. This represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer 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. The SEC filing for this sale provides additional information. Company insiders own 23.59% of the company’s stock.

Institutional Trading of Dave

A number of institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC raised its holdings 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 purchasing an additional 112,700 shares during the last quarter. State Street Corp grew its position in Dave by 10.6% in the 4th quarter. State Street Corp now owns 233,163 shares of the fintech company’s stock worth $51,625,000 after purchasing an additional 22,274 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Dave by 22.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 210,911 shares of the fintech company’s stock worth $46,698,000 after acquiring an additional 38,744 shares during the period. Ameriprise Financial Inc. increased its position in Dave by 819.3% during the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after acquiring an additional 186,273 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Dave by 6.7% during the 4th quarter. Wellington Management Group LLP now owns 189,048 shares of the fintech company’s stock valued at $41,857,000 after purchasing an additional 11,945 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

About Dave

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.