Dave’s (DAVE) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Dave (NASDAQ:DAVE) in a research note issued to investors on Tuesday,Benzinga reports. Barrington Research currently has a $290.00 target price on the fintech company’s stock.

A number of other equities analysts also recently commented on the company. Benchmark reissued a “buy” rating on shares of Dave in a research report on Tuesday, March 3rd. B. Riley Financial raised their target price on shares of Dave from $297.00 to $303.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Lake Street Capital boosted their price target on shares of Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Canaccord Genuity Group increased their price objective on shares of Dave from $274.00 to $328.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. 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. According to data from MarketBeat, Dave presently has an average rating of “Moderate Buy” and a consensus price target of $312.13.

Dave Price Performance

Shares of NASDAQ DAVE opened at $212.85 on Tuesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 15.77 and a beta of 3.86. The stock’s 50-day moving average is $193.11 and its two-hundred day moving average is $207.65. Dave has a 1-year low of $65.46 and a 1-year high of $286.45.

Dave announced that its board has approved a stock buyback program on Monday, March 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Dave

In related news, Director Imran Khan sold 1,146 shares of Dave 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 sold 97,771 shares of company stock worth $19,194,391 over the last three months. 28.48% of the stock is owned by company insiders.

Institutional Trading of Dave

Hedge funds have recently made changes to their positions in the company. Divisadero Street Capital Management LP boosted its holdings in shares of Dave by 73.1% in the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after acquiring an additional 390,676 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Dave by 819.3% in the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after purchasing an additional 186,273 shares during the period. Voya Investment Management LLC boosted its holdings in Dave by 5,603.0% in the 3rd quarter. Voya Investment Management LLC now owns 144,285 shares of the fintech company’s stock valued at $28,763,000 after purchasing an additional 141,755 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in Dave in the 3rd quarter valued at approximately $26,726,000. Finally, Jefferies Financial Group Inc. acquired a new position in Dave during the 4th quarter worth approximately $27,874,000. 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: Barrington Research reiterated an Outperform rating on DAVE, which supports upside from analyst conviction and can boost investor confidence. Barrington Reiterates Outperform
• Positive Sentiment: Zacks included DAVE on a “Buy 3 High‑Flying Small‑Sized Tech Services Stocks” list, highlighting recent double-digit gains and continued analyst interest. Buy 3 High‑Flying Small‑Sized Tech Services Stocks
• Positive Sentiment: Zacks also flagged DAVE for relative price strength versus the S&P 500 amid recent market volatility, a signal that institutional interest may be supporting the stock. 4 Stocks With Relative Price Strength
• Neutral Sentiment: Zacks published an analyst piece questioning whether DAVE’s lower P/E vs. peers is a value opportunity or a value trap; useful for investors evaluating valuation risk vs. growth. Value Play or Value Trap?
• Neutral Sentiment: Reported short‑interest data appears erroneous (shows 0 shares / NaN change and 0.0 days to cover). If accurate, low short interest reduces immediate short‑squeeze risk; but the data should be treated cautiously.
• Neutral Sentiment: Several media items mention “Dave” in other contexts (video‑game DLC, entertainers), which are unrelated to Dave Inc. and unlikely to affect the stock. Example: gaming DLC announcements for “Dave the Diver.” DAVE THE DIVER DLC ‘In the Jungle’ launches June 18

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.