Dave (NASDAQ:DAVE) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Dave (NASDAQ:DAVE) from a sell rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

DAVE has been the subject of a number of other reports. Seaport Research Partners reaffirmed a “buy” rating and issued a $422.00 price target on shares of Dave in a report on Thursday. Weiss Ratings lowered shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. UBS Group restated a “buy” rating on shares of Dave in a research report on Thursday, October 1st. B. Riley Financial boosted their target price on shares of Dave from $370.00 to $449.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Citizens Jmp upped their target price on shares of Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Dave has an average rating of “Moderate Buy” and a consensus price target of $433.25.

Dave Trading Up 4.3%

DAVE stock opened at $368.42 on Friday. The business has a fifty day moving average price of $353.54 and a 200 day moving average price of $311.50. Dave has a fifty-two week low of $152.21 and a fifty-two week high of $458.25. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 23.89 and a beta of 3.92. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 4.22.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The business had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Analysts expect that Dave will post 13.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Dave

Large investors have recently made changes to their positions in the company. GK Wealth Management LLC acquired a new stake in Dave in the third quarter worth about $34,000. Tidal Investments LLC lifted its position in Dave by 277.4% during the 2nd quarter. Tidal Investments LLC now owns 5,200 shares of the fintech company’s stock valued at $1,937,000 after purchasing an additional 3,822 shares during the period. WINTON GROUP Ltd acquired a new position in Dave during the 2nd quarter valued at about $447,000. Integrated Wealth Concepts LLC acquired a new position in Dave during the 2nd quarter valued at about $137,000. Finally, RFG Advisory LLC bought a new position in shares of Dave in the 2nd quarter valued at about $1,146,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Reported short interest is listed at zero shares. The October update shows a 0.0-day short-interest ratio, suggesting no measurable short-selling pressure. However, the description’s reference to a “large increase” conflicts with the reported zero-share figure, so investors should treat the data cautiously.
• Neutral Sentiment: No direct Dave Inc. business announcement was reported. The coverage about Dave the Diver concerns a video game, including a physical release and a planned Subnautica 2 downloadable-content pack for early 2027; it has no connection to Dave Inc. DAVE THE DIVER DLC Subnautica 2 Content Pack announced
• Neutral Sentiment: Dave’s Hot Chicken expansion is unrelated to DAVE. The restaurant chain reached its 500th location and announced a free-slider promotion. These developments do not affect Dave Inc.’s revenue, earnings, or outlook. Dave’s Hot Chicken reaches 500 locations
• Negative Sentiment: The latest company-specific financial backdrop remains mixed. Dave Inc.’s most recent quarterly EPS missed consensus substantially, although revenue was approximately in line. With the stock trading well above its 50-day and 200-day moving averages and carrying a high beta, profit-taking or volatility remains a risk if investors focus on the earnings miss rather than the company’s full-year guidance.

Dave Company Profile

Dave Inc is a financial technology company that operates a mobile banking and personal finance platform for consumers in the United States. The company provides tools designed to help members manage everyday finances, access funds between paychecks and improve their financial flexibility.

Its primary offerings include ExtraCash, an advance product that allows eligible members to access a portion of their expected income before payday, and Dave Spending, a deposit account and debit card product.