Dave (NASDAQ:DAVE) Research Coverage Started at Monness Crespi & Hardt

Monness Crespi & Hardt initiated coverage on shares of Dave (NASDAQ:DAVE) in a research note issued to investors on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating on the fintech company’s stock.

A number of other brokerages have also commented on DAVE. Loop Capital assumed coverage on shares of Dave in a research report on Wednesday, September 9th. They set a “buy” rating and a $500.00 target price on the stock. Piper Sandler assumed coverage on shares of Dave in a research note on Monday, August 17th. They set an “overweight” rating and a $390.00 price target for the company. B. Riley Financial boosted their price target on Dave from $370.00 to $449.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Zacks Research lowered Dave from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Citigroup reissued an “outperform” rating on shares of Dave in a research note on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Dave presently has an average rating of “Moderate Buy” and a consensus price target of $433.25.

Dave Trading Down 1.8%

NASDAQ DAVE opened at $322.69 on Monday. The stock has a market cap of $4.12 billion, a PE ratio of 20.93 and a beta of 3.92. Dave has a 12 month low of $152.21 and a 12 month high of $458.25. The company’s 50-day moving average price is $354.10 and its 200-day moving average price is $285.39. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93.

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

Institutional Trading of Dave

A number of hedge funds have recently added to or reduced their stakes in DAVE. Dimensional Fund Advisors LP raised its holdings in shares of Dave by 20.0% in 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 in the last quarter. Estuary Capital Management LP purchased a new stake in shares of Dave in the 1st quarter worth approximately $20,556,000. Cooper Creek Partners Management LLC bought a new position in shares of Dave during the first quarter valued at approximately $18,313,000. Sei Investments Co. boosted its stake in shares of Dave by 21.4% during the first quarter. Sei Investments Co. now owns 98,435 shares of the fintech company’s stock valued at $17,135,000 after purchasing an additional 17,320 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Dave during the second quarter valued at approximately $11,403,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Wall Street expects year-over-year earnings growth in Dave’s upcoming report, while Zacks cited favorable earnings-estimate revisions and other indicators that could support a potential earnings beat. Dave Inc. Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Zacks identified DAVE as a strong momentum stock, and a separate analyst review highlighted an average Wall Street price target implying substantial upside. Why Dave Inc. Is a Strong Momentum Stock Wall Street Analysts’ DAVE Price Target
• Positive Sentiment: A bullish Seeking Alpha analysis pointed to Dave’s marketing campaign, operating cash flow and gross margins as potential drivers of market-share gains, although it also noted elevated short interest. Dave: Catchy Ad Campaign
• Neutral Sentiment: Monness Crespi & Hardt initiated coverage on Dave; the available report does not provide enough detail on its rating or price target to assess the direct market impact. Monness Crespi & Hardt Initiates Coverage
• Negative Sentiment: One analysis argued that DAVE looks expensive after its significant three-year rally, potentially encouraging profit-taking despite favorable growth expectations. Dave Stock Looks Pricey

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.