Dave (NASDAQ:DAVE) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Dave (NASDAQ:DAVE) had its price objective trimmed by JPMorgan Chase & Co. from $480.00 to $435.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the fintech company’s stock.

A number of other equities research analysts also recently weighed in on the company. Seaport Research Partners reaffirmed a “buy” rating and issued a $422.00 target price on shares of Dave in a report on Thursday, October 8th. Zacks Research cut Dave from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. UBS Group restated a “buy” rating on shares of Dave in a research report on Thursday, October 1st. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research note on Thursday, August 6th. Finally, Freedom Capital raised Dave to a “hold” rating in a research note on Thursday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Dave presently has a consensus rating of “Moderate Buy” and a consensus price target of $425.69.

Dave Price Performance

DAVE stock opened at $278.59 on Thursday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.71. Dave has a 12 month low of $152.21 and a 12 month high of $458.25. The firm has a market cap of $3.55 billion, a P/E ratio of 22.50 and a beta of 4.07. The company’s 50-day moving average price is $347.96 and its two-hundred day moving average price is $289.16.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Wednesday, November 4th. The fintech company reported $4.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.09 by $0.30. The business had revenue of $197.70 million for the quarter, compared to analyst estimates of $191.89 million. Dave had a net margin of 28.15% and a return on equity of 59.86%. On average, analysts anticipate that Dave will post 13.04 earnings per share for the current fiscal year.

Institutional Trading of Dave

Hedge funds have recently added to or reduced their stakes in the stock. GK Wealth Management LLC acquired a new position in shares of Dave during the third quarter worth $34,000. Signaturefd LLC lifted its stake in shares of Dave by 119.2% in the 3rd quarter. Signaturefd LLC now owns 114 shares of the fintech company’s stock valued at $37,000 after acquiring an additional 62 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Dave by 25.4% in the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock valued at $53,000 after acquiring an additional 29 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Dave by 43.9% during the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after acquiring an additional 68 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of Dave by 841.7% during the 3rd quarter. Sterling Capital Management LLC now owns 339 shares of the fintech company’s stock valued at $109,000 after acquiring an additional 303 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 revenue and profit outlook, citing member growth, improving credit performance and expansion of its ExtraCash product. These growth and credit trends could support future results. Article: DAVE Q3 Earnings Call Highlights Higher Outlook and Credit Gains
• Negative Sentiment: Third-quarter EPS of $4.39 fell short of Zacks’ $4.45 consensus estimate. The earnings shortfall contributed to the stock’s post-report selloff despite higher revenue and raised guidance. Article: Dave Inc. Q3 Earnings Miss Estimates
• Negative Sentiment: Kirby McInerney LLP announced an investigation into potential securities-law violations or other unlawful business practices. Another law firm also announced an investigation following the November 4 disclosure. These are allegations under investigation, not findings of wrongdoing, but the announcements may add uncertainty for investors. Article: Dave, Inc. Investigation
• Negative Sentiment: JPMorgan cut its price target to $435 from $480, though it kept an Overweight rating. The shares also reportedly fell below their 200-day moving average after an analyst downgrade, a potentially bearish technical signal. Article: JPMorgan Cuts Dave Price Target

About Dave

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.