Dave (NASDAQ:DAVE) Stock Price Down 5.7% – What’s Next?

Dave Inc. (NASDAQ:DAVE) dropped 5.7% on Friday . The company traded as low as $225.82 and last traded at $227.2230. Approximately 124,866 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 552,325 shares. The stock had previously closed at $240.90.

Wall Street Analyst Weigh In

DAVE has been the topic of a number of research reports. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th. Citizens Jmp upped their price target on shares of Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $290.00 price target on shares of Dave in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.88.

Dave Price Performance

The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The stock’s fifty day simple moving average is $223.37 and its 200-day simple moving average is $209.79. The company has a market capitalization of $2.90 billion, a P/E ratio of 14.69 and a beta of 3.93.

Dave (NASDAQ:DAVE) last released its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The company had revenue of $158.40 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities analysts forecast that Dave Inc. will post 14.49 earnings per share for the current fiscal year.

Dave announced that its board 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 purchase up to 11.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Dave

Hedge funds have recently bought and sold shares of the company. WealthCollab LLC bought a new stake in Dave during the second quarter valued at about $30,000. National Bank of Canada FI bought a new stake in Dave during the third quarter valued at about $30,000. Blue Trust Inc. boosted its holdings in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after acquiring an additional 79 shares during the period. Kestra Advisory Services LLC bought a new stake in Dave during the fourth quarter valued at about $36,000. Finally, Westend Capital Management LLC boosted its holdings 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 acquiring an additional 100 shares during the period. 18.01% of the stock is currently owned by institutional investors.

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.