Dave Inc. (NASDAQ:DAVE) Receives $379.40 Consensus Target Price from Analysts

Shares of Dave Inc. (NASDAQ:DAVE) have earned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $379.40.

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. UBS Group upped their target price on shares of Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Canaccord Genuity Group increased their target price on shares of Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Barrington Research raised their price target on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. Finally, Weiss Ratings upgraded shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th.

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q2 earnings significantly beat expectations: Dave reported adjusted earnings of $4.12 per share, up from $3.14 a year earlier and above consensus estimates ranging from $3.44 to $3.69. Dave Inc. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong operating momentum: Second-quarter revenue rose 30% year over year to $170.8 million, driven by growth in membership and transaction-related offerings and higher average revenue per user. Adjusted EBITDA increased 48% to $75.5 million, representing a 44% margin. ExtraCash originations grew 27% to $2.3 billion, while the 28-day delinquency rate improved 14 basis points to 2.12%. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: 2026 outlook was raised: Dave guided to full-year earnings of $17.00–$17.50 per share and revenue of $725 million–$735 million, both above analyst consensus of $16.36 EPS and $714.7 million revenue. The improved outlook signals management expects continued growth and profitability. Dave Financial Results and Guidance
• Neutral Sentiment: Reported net income was $6.7 million, but it included $36.9 million in non-cash warrant and earnout remeasurement charges, making adjusted profitability measures more informative for assessing ongoing operations. Dave Second Quarter Financial Results
• Negative Sentiment: DAVE’s valuation and elevated growth expectations remain risks. Ahead of earnings, analysts noted that spending investments and the stock’s premium valuation could limit upside if future growth or credit performance falls short. What Should Investors Do With DAVE Stock Ahead of Q2 Earnings?

Dave Stock Performance

Shares of DAVE stock opened at $430.16 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The firm has a market cap of $5.47 billion, a P/E ratio of 27.66 and a beta of 3.83. The firm’s 50 day moving average price is $353.90 and its 200-day moving average price is $259.45. Dave has a one year low of $152.21 and a one year high of $458.25.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The firm had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 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 17.000-17.500 EPS. As a group, equities research analysts predict that Dave will post 15.66 EPS for the current year.

Insider Buying and Selling

In other news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction on 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. The trade was a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dan Preston sold 275 shares of the business’s 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 owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This represents a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 23.59% of the stock is owned by insiders.

Institutional Trading of Dave

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after acquiring an additional 65 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Dave during the second quarter worth approximately $324,000. Invesco Ltd. raised its stake in shares of Dave by 2,379.9% during the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after purchasing an additional 93,554 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Dave during the second quarter worth $18,710,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Dave during the second quarter worth $402,000. 18.01% of the stock is owned by hedge funds and other 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.