Dave (NASDAQ:DAVE) Stock Rating Lowered by Benchmark

Dave (NASDAQ:DAVE) was downgraded by stock analysts at Benchmark from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. Citigroup reiterated an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th. Wall Street Zen lowered Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Lake Street Capital reiterated a “buy” rating and issued a $332.00 price objective on shares of Dave in a research note on Wednesday, May 6th. Canaccord Genuity Group upped their price objective on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $325.40.

Dave Trading Down 3.3%

DAVE stock opened at $298.52 on Tuesday. Dave has a 1-year low of $152.21 and a 1-year high of $318.66. The firm has a market cap of $3.79 billion, a P/E ratio of 19.20 and a beta of 3.87. The business’s 50 day moving average is $249.63 and its 200-day moving average is $216.17. 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 released its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The company had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Equities analysts anticipate that Dave will post 14.7 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, Director Dan Preston sold 275 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was 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 in the company, valued at $1,353,654.90. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Prospect Capital Advisors LLC boosted its position in Dave by 39.4% in the 1st quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company’s stock valued at $9,094,000 after buying an additional 14,760 shares during the last quarter. Edgestream Partners L.P. bought a new position in Dave in the 1st quarter valued at $373,000. Janus Henderson Group PLC boosted its position in Dave by 1.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,805 shares of the fintech company’s stock valued at $2,228,000 after buying an additional 230 shares during the last quarter. Amundi bought a new position in Dave in the 1st quarter valued at $224,000. Finally, California State Teachers Retirement System boosted its position in Dave by 26.5% in the 1st quarter. California State Teachers Retirement System now owns 13,147 shares of the fintech company’s stock valued at $2,289,000 after buying an additional 2,756 shares during the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted Dave Inc. (DAVE) as trading below its industry P/E average despite nearly 80% return on equity, strong margins, low debt, and rising member growth, suggesting the market may be underestimating earnings power. Article Title
• Positive Sentiment: DAVE was also named among “relative price strength winners,” with the article citing firmer market sentiment and positive earnings estimate revisions as tailwinds. Article Title
• Positive Sentiment: Another Zacks piece listed Dave Inc. (DAVE) among high-flying tech services stocks with double-digit year-to-date gains, reinforcing the stock’s momentum story. Article Title

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.