Dave (NASDAQ:DAVE) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Dave (NASDAQ:DAVE) from a buy rating to a hold rating in a research note released on Saturday morning.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group boosted their price target on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Benchmark reiterated a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Keefe, Bruyette & Woods boosted their target price on Dave from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, B. Riley Financial upped their target price on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $312.13.

Dave Trading Up 1.9%

DAVE stock opened at $221.42 on Friday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 16.40 and a beta of 3.85. The firm’s 50-day moving average price is $193.17 and its two-hundred day moving average price is $207.32. Dave has a 12-month low of $65.46 and a 12-month high of $286.45.

Dave declared that its board has initiated a share buyback program on Monday, March 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Dave news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 97,771 shares of company stock valued at $19,194,391 in the last ninety days. Company insiders own 28.48% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DAVE. WealthCollab LLC bought a new stake in shares of Dave during the second quarter valued at approximately $30,000. National Bank of Canada FI bought a new position in Dave in the third quarter worth $30,000. Blue Trust Inc. raised its holdings in Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Dave during the fourth quarter valued at $36,000. Finally, Westend Capital Management LLC lifted its position in Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after buying an additional 100 shares during the period. Institutional investors own 18.01% of the company’s stock.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlights DAVE’s strong 1‑year performance (about +165%), noting it has outperformed its industry and the S&P — a factor supporting momentum-driven buying and bullish analyst commentary. Dave Soars 165% in a Year: Should You Invest in Its Stock Now?
• Neutral Sentiment: Short-interest data published for early March appears to show no meaningful short position (report lists 0 shares and a 0.0 days-to-cover), which, if accurate, implies limited near-term short squeeze risk — however the entry contains anomalous/erroneous values and should be treated cautiously by traders.
• Negative Sentiment: Several local news reports detail shootings at Dave & Buster’s locations (operator ticker PLAY), prompting media attention and downward pressure on PLAY. These incidents produce headline risk and potential investor confusion between Dave Inc. (DAVE) and Dave & Buster’s (PLAY), which can cause misdirected selling or volatility in similarly named tickers. See coverage: Why Dave & Buster’s (PLAY) stock is down today and Juvenile wounded in shooting at Dave & Buster’s, police say

Dave Company Profile

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.