Dave (NASDAQ:DAVE) Upgraded at Zacks Research

Zacks Research upgraded shares of Dave (NASDAQ:DAVE) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. William Blair began coverage on Dave in a research note on Monday, February 9th. They set an “outperform” rating for the company. Lake Street Capital reissued a “buy” rating on shares of Dave in a report on Wednesday, December 24th. B. Riley Financial reaffirmed a “buy” rating and set a $297.00 price objective (up from $277.00) on shares of Dave in a research note on Wednesday, November 5th. Canaccord Genuity Group lifted their target price on shares of Dave from $229.00 to $274.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Citigroup reissued an “outperform” rating on shares of Dave in a report on Wednesday, November 5th. One 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. According to data from MarketBeat, Dave has a consensus rating of “Moderate Buy” and a consensus price target of $303.43.

Dave Stock Performance

NASDAQ DAVE opened at $180.57 on Monday. Dave has a twelve month low of $65.46 and a twelve month high of $286.45. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.44 billion, a P/E ratio of 17.90 and a beta of 3.89. The company’s 50-day simple moving average is $198.00 and its 200 day simple moving average is $207.78.

Insider Transactions at Dave

In related news, Director Imran Khan sold 3,108 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $200.75, for a total transaction of $623,931.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Wilk sold 7,393 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $203.77, for a total transaction of $1,506,471.61. Following the completion of the transaction, the chief executive officer owned 210,461 shares in the company, valued at $42,885,637.97. This represents a 3.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 105,164 shares of company stock valued at $20,700,863. Corporate insiders own 28.48% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Divisadero Street Capital Management LP grew its stake in shares of Dave by 73.1% during the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after purchasing an additional 390,676 shares during the period. Vanguard Group Inc. boosted its holdings in Dave by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock worth $151,852,000 after buying an additional 30,546 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Dave by 29.2% during the fourth quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock worth $110,506,000 after buying an additional 112,700 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Dave by 31.1% during the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock worth $70,483,000 after buying an additional 75,576 shares during the period. Finally, State Street Corp increased its stake in shares of Dave by 10.6% in the 4th quarter. State Street Corp now owns 233,163 shares of the fintech company’s stock valued at $51,625,000 after acquiring an additional 22,274 shares during the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks analyst note says CAC optimization and stepped-up marketing added ~843,000 new members and fueled triple‑digit EBITDA and net‑income growth in 3Q25 — a key operational catalyst for margin expansion. Is CAC Optimization DAVE’s Fuel to Its Profitability Engine?
• Positive Sentiment: Zacks upgraded DAVE from “hold” to “strong‑buy,” which likely boosted short‑term demand and contributed to the intraday price rise. Zacks.com
• Neutral Sentiment: Reported short‑interest data appears inconsistent (values shown as 0 / NaN); no clear evidence of a material short squeeze or sustained short‑pressure move from the published figures.
• Neutral Sentiment: Coverage of boxer Dave Allen vs. Karim Berredjem — unrelated to Dave Inc.’s business; unlikely to affect the stock. Dave Allen vs. Karim Berredjem: How to watch, date, ringwalks, undercard
• Neutral Sentiment: Music festival lineup (Dave Matthews Band, Foo Fighters) — entertainment news sharing the name “Dave,” not relevant to DAVE Inc.’s financials. Bourbon & Beyond 2026 Lineup
• Neutral Sentiment: Article about actor Dave Bautista’s streaming chart performance — not related to DAVE Inc.’s operations. Dave Bautista’s Latest Movie Dethroned from Streaming Charts
• Neutral Sentiment: Coverage of Dave’s Hot Chicken executive moves — different company/brand; may be of general consumer‑sector interest but not material to DAVE Inc. Dave’s Hot Chicken Architect Bill Phelps Sets Sights on Birria Tacos
• Neutral Sentiment: Local/sports and personal‑finance pieces referencing people named Dave (Dave Downey obituary; Dave Ramsey personal‑finance columns) — not company‑specific news for DAVE Inc. ‘Dave Downey was a really, really good guy’ Dave Ramsey Wants You To Stop Making These 5 Mistakes With Your Money Dave Ramsey weighs in on annuities and he doesn’t sugarcoat it

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.