Dave (NASDAQ:DAVE) Now Covered by Analysts at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods assumed coverage on shares of Dave (NASDAQ:DAVE) in a research report report published on Monday morning, MarketBeat reports. The brokerage issued an outperform rating on the fintech company’s stock.

A number of other research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of Dave from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings lowered Dave from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. B. Riley Financial reiterated a “buy” rating and set a $297.00 target price (up previously from $277.00) on shares of Dave in a research report on Wednesday, November 5th. Lake Street Capital reissued a “buy” rating on shares of Dave in a research note on Wednesday, December 24th. Finally, Benchmark restated a “buy” rating on shares of Dave in a research note on Tuesday, January 13th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Dave has an average rating of “Moderate Buy” and a consensus price target of $304.25.

Dave Stock Performance

NASDAQ:DAVE opened at $185.23 on Monday. The firm’s fifty day moving average price is $201.61 and its 200 day moving average price is $210.05. Dave has a 1-year low of $65.46 and a 1-year high of $286.45. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.69 and a quick ratio of 8.69. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 18.36 and a beta of 3.89.

Insider Buying and Selling

In other news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Wilk sold 7,393 shares of Dave stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $203.77, for a total value of $1,506,471.61. Following the transaction, the chief executive officer directly owned 210,461 shares of the company’s stock, valued at $42,885,637.97. This trade represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 105,164 shares of company stock worth $20,700,863. Insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Dave

Several hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. lifted its holdings in shares of Dave by 3.2% in the second quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock valued at $524,000 after purchasing an additional 60 shares in the last quarter. Brevan Howard Capital Management LP raised its position in shares of Dave by 1.6% during the 3rd 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. lifted its stake in Dave by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after buying an additional 65 shares in the last quarter. Blue Trust Inc. grew its holdings in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after buying an additional 79 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Dave by 3.3% during the third quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after buying an additional 88 shares in the last quarter. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Keefe, Bruyette & Woods initiated coverage with an “outperform” rating, providing fresh institutional validation that can attract buy-side interest and support the rally.
• Positive Sentiment: Analyst consensus across outlets has shifted toward a favorable view — Dave has an average recommendation of “Moderate Buy,” which reinforces the bullish narrative for investors. Article Title
• Neutral Sentiment: Recent coverage flagged a pre-market gap-up and asked whether the move is a buy opportunity; that note highlights short-term momentum and trader interest but offers no new fundamental update. Article Title
• Neutral Sentiment: Several widely circulated media items reference public figures named “Dave” (e.g., Dave Portnoy, Dave Chappelle). These stories can create social-media noise and search-volume spikes but are unrelated to Dave Inc.’s business fundamentals and are unlikely to change core valuation. Example coverage: Article Title 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.