Dave (NASDAQ:DAVE) Price Target Raised to $328.00

Dave (NASDAQ:DAVE) had its price target boosted by Canaccord Genuity Group from $274.00 to $328.00 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the fintech company’s stock.

Several other equities analysts have also commented on DAVE. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Wednesday, November 5th. Lake Street Capital reaffirmed a “buy” rating on shares of Dave in a research report on Wednesday, December 24th. Citizens Jmp set a $310.00 target price on shares of Dave in a research report on Wednesday, November 5th. William Blair began coverage on shares of Dave in a research note on Monday, February 9th. They issued an “outperform” rating for the company. Finally, Keefe, Bruyette & Woods began coverage on shares of Dave in a report on Monday, February 9th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $312.13.

Dave Trading Up 3.6%

NASDAQ:DAVE opened at $218.21 on Tuesday. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 16.16 and a beta of 3.86. The firm’s fifty day simple moving average is $193.53 and its 200 day simple moving average is $206.72. Dave has a twelve month low of $65.46 and a twelve month high of $286.45.

Dave declared that its Board of Directors has initiated a share buyback plan on Monday, March 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Dave

In other news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total transaction of $233,784.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 97,771 shares of company stock worth $19,194,391 over the last three months. 28.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. grew its position in shares of Dave by 3.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock worth $524,000 after acquiring an additional 60 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in Dave by 1.6% during the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after purchasing an additional 62 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after purchasing an additional 65 shares during the period. Blue Trust Inc. boosted 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 during the period. Finally, Arizona State Retirement System increased its stake in Dave by 3.3% during the third quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock valued at $556,000 after purchasing an additional 88 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors.

Key Headlines Impacting Dave

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

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.