Barrington Research Increases Dave (NASDAQ:DAVE) Price Target to $310.00

Dave (NASDAQ:DAVE) had its target price lifted by equities researchers at Barrington Research from $290.00 to $310.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the fintech company’s stock. Barrington Research’s target price indicates a potential upside of 9.62% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. William Blair reissued an “accumulate” rating on shares of Dave in a report on Friday, March 13th. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Citigroup reissued an “outperform” rating on shares of Dave in a report on Wednesday, May 6th. Canaccord Genuity Group upped their price target on shares of Dave from $328.00 to $342.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Evercore initiated coverage on shares of Dave in a report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $325.40.

Dave Price Performance

DAVE stock traded down $2.64 during trading on Friday, hitting $282.79. The company had a trading volume of 362,138 shares, compared to its average volume of 577,656. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 18.31 and a beta of 3.87. The business has a 50 day moving average of $242.12 and a 200 day moving average of $214.29. Dave has a fifty-two week low of $152.21 and a fifty-two week high of $301.19. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.78. The business had revenue of $158.41 million during the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, research analysts predict that Dave will post 14.7 earnings per share for the current year.

Dave announced that its board has approved a share repurchase plan on Monday, March 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Transactions at Dave

In other Dave news, CEO Jason Wilk sold 8,474 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 28.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave

A number of large investors have recently made changes to their positions in DAVE. WealthCollab LLC acquired a new position in shares of Dave in the 2nd quarter valued at about $30,000. National Bank of Canada FI acquired a new position in shares of Dave in the 3rd quarter valued at about $30,000. Blue Trust Inc. increased its holdings in shares of Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Dave in the 4th quarter valued at about $36,000. Finally, Westend Capital Management LLC increased its holdings in shares of Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 18.01% of the company’s stock.

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.