Dave Inc. (NASDAQ:DAVE) Stock Has Average Target Price of $433.25

Dave Inc. (NASDAQ:DAVE) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $433.25.

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. assumed coverage on Dave in a report on Tuesday, September 15th. They set an “overweight” rating and a $480.00 price target on the stock. Citigroup restated an “outperform” rating on shares of Dave in a research note on Thursday, August 6th. UBS Group reaffirmed a “buy” rating on shares of Dave in a report on Thursday, October 1st. Finally, Benchmark lifted their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Estuary Capital Management LP purchased a new position in Dave in the first quarter worth about $20,556,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Dave during the 1st quarter valued at about $18,313,000. Granahan Investment Management LLC increased its position in shares of Dave by 3,325.5% during the 1st quarter. Granahan Investment Management LLC now owns 65,462 shares of the fintech company’s stock valued at $11,396,000 after purchasing an additional 63,551 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 valued at $44,069,000 after purchasing an additional 42,262 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Dave in the 2nd quarter worth approximately $11,403,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

Dave Stock Down 0.4%

Dave stock opened at $367.40 on Friday. Dave has a 12 month low of $152.21 and a 12 month high of $458.25. The stock has a fifty day simple moving average of $351.05 and a two-hundred day simple moving average of $317.52. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 23.83 and a beta of 3.92.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The business had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities analysts predict that Dave will post 13.04 EPS for the current fiscal year.

Dave Company Profile

Dave Inc is a financial technology company that operates a mobile banking and personal finance platform for consumers in the United States. The company provides tools designed to help members manage everyday finances, access funds between paychecks and improve their financial flexibility.

Its primary offerings include ExtraCash, an advance product that allows eligible members to access a portion of their expected income before payday, and Dave Spending, a deposit account and debit card product.