Dave (NASDAQ:DAVE) Price Target Raised to $326.00

Dave (NASDAQ:DAVE) had its price objective raised by Lake Street Capital from $308.00 to $326.00 in a report published on Tuesday,Benzinga reports. Lake Street Capital currently has a buy rating on the fintech company’s stock.

Other analysts have also issued reports about the company. Weiss Ratings lowered Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. B. Riley Financial lifted their price target on shares of Dave from $297.00 to $303.00 and gave the stock a “buy” rating in a research report on Tuesday. Citizens Jmp set a $310.00 price target on shares of Dave in a research note on Wednesday, November 5th. Citigroup restated an “outperform” rating on shares of Dave in a report on Wednesday, November 5th. Finally, Canaccord Genuity Group lifted their target price on shares of Dave from $274.00 to $328.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Stock Performance

NASDAQ:DAVE opened at $218.21 on Tuesday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 16.16 and a beta of 3.86. The stock’s fifty day moving average price is $193.53 and its two-hundred day moving average price is $206.72. Dave has a 52-week low of $65.46 and a 52-week high of $286.45.

Dave declared that its Board of Directors has initiated a share buyback plan on Monday, March 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other Dave news, Director Imran Khan sold 1,146 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 97,771 shares of company stock valued at $19,194,391 over the last ninety days. 28.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Dave

Large investors have recently made changes to their positions in the company. Divisadero Street Capital Management LP raised its stake in Dave by 73.1% during the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after buying an additional 390,676 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Dave by 819.3% in the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after acquiring an additional 186,273 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Dave by 5,603.0% during the third quarter. Voya Investment Management LLC now owns 144,285 shares of the fintech company’s stock worth $28,763,000 after purchasing an additional 141,755 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Dave during the third quarter worth about $26,726,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Dave during the 4th quarter valued at about $27,874,000. 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: Company priced an upsized $175M 0% convertible senior notes offering due 2031 and entered into capped‑call hedges; Dave expects ~ $168M net proceeds and will use about $70.5M to repurchase ~334,000 shares while the capped calls limit dilution (cap initially $421.34/share). This financing supports buybacks while preserving conversion premiums. Article Title
• Positive Sentiment: Board approved a separate, larger $300M share‑repurchase authorization (up to ~11.2% of shares outstanding), signaling management’s view that the stock is undervalued and providing substantial cash support for the share price. Article Title
• Positive Sentiment: Several brokerages raised price targets and upgraded coverage recently (examples include Lake Street, Keefe Bruyette & Woods, Canaccord Genuity, B. Riley and reaffirmations from Barrington), which can boost sentiment and buying interest. Article Title
• Positive Sentiment: Dave reported strong top‑line momentum (Q4 2025 revenue of $163.7M, ~+62% YoY), supporting the case for continued growth and providing fundamental backing for higher valuations. Article Title
• Neutral Sentiment: Short‑interest data reported in recent feeds shows anomalous zero/NaN values (short interest and days to cover reported as 0/NaN), making it unclear whether short activity is a material near‑term force on the stock price.
• Negative Sentiment: Insider activity and capital structure caveats: Quiver/filings show heavy insider selling (many open‑market sales and no recent purchases), and the convertible issuance increases secured access to capital and potential future dilution if conversions occur — though capped calls mitigate some dilution risk. Article Title

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.