Keefe, Bruyette & Woods Issues Positive Forecast for Dave (NASDAQ:DAVE) Stock Price

Dave (NASDAQ:DAVE) had its price target hoisted by Keefe, Bruyette & Woods from $250.00 to $295.00 in a research report released on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the fintech company’s stock.

Other analysts have also issued research reports about the company. Barrington Research reaffirmed an “outperform” rating and issued a $290.00 price target on shares of Dave in a research note on Monday. Wall Street Zen upgraded shares of Dave from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Canaccord Genuity Group increased their target price on shares of Dave from $274.00 to $328.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley Financial reissued a “buy” rating and set a $297.00 price target (up from $277.00) on shares of Dave in a report on Wednesday, November 5th. Finally, Weiss Ratings cut shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Dave has a consensus rating of “Moderate Buy” and a consensus price target of $312.13.

Dave Stock Performance

NASDAQ:DAVE opened at $208.76 on Tuesday. The firm has a market capitalization of $2.82 billion, a PE ratio of 15.46 and a beta of 3.86. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. Dave has a 12-month low of $65.46 and a 12-month high of $286.45. The firm has a 50-day moving average price of $194.07 and a 200 day moving average price of $206.61.

Dave announced that its board has approved a stock buyback plan on Monday, March 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Dave

In related news, Director Imran Khan sold 1,146 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 97,771 shares of company stock valued at $19,194,391 over the last three months. Company insiders own 28.48% of the company’s stock.

Hedge Funds Weigh In On Dave

Large investors have recently made changes to their positions in the company. WealthCollab LLC bought a new position in Dave in the second quarter valued at about $30,000. National Bank of Canada FI acquired a new position in Dave during the 3rd quarter valued at about $30,000. Blue Trust Inc. boosted its stake in shares of Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Dave in the 4th quarter valued at about $36,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Dave by 4,933.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock worth $41,000 after buying an additional 148 shares during the period. Institutional investors and hedge funds own 18.01% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q4 results and FY26 guidance beat expectations — Dave reported strong Q4 revenue and EPS growth, topped earnings estimates, and issued FY2026 guidance above consensus, supporting upward revisions to valuation and investor sentiment. Dave Reports Q4 & Full Year 2025 Results
• Positive Sentiment: Analysts lifting targets and ratings — Multiple firms (Lake Street, B. Riley, Keefe Bruyette & Woods, Canaccord, Barrington) raised price targets and reiterated buys/outperform ratings after the quarter and guidance, adding upward pressure on the stock. Analyst Coverage & Price Target Moves
• Positive Sentiment: Planned $150M convertible note offering paired with share repurchases and capped calls — Dave announced a private offering of convertible senior notes with stated use of proceeds to fund capped call hedges and opportunistic repurchases, which management says is intended to create shareholder value and mitigate dilution. Press Release: Convertible Notes Offering
• Neutral Sentiment: Hedging/derivative activity may cause short‑term volatility — The capped‑call counterparties expect to hedge their positions, which could involve buying or selling stock in the open market around pricing and conversion observation periods; this can temporarily amplify moves in either direction. Convertible Notes — Hedging Disclosure
• Neutral Sentiment: Short‑interest data posted in available feeds appears inconsistent/erroneous (showing zeros/NaN); treat recent short‑interest metrics as unreliable until exchanges or data providers confirm.
• Negative Sentiment: Heavy insider selling highlighted in datasets — Recent data show significant insider dispositions (numerous sales by executives and others), which can be perceived negatively even if sales are for liquidity/other reasons; monitor for any further insider activity. Quiver: Insider Trading & Offering Summary
• Negative Sentiment: Convertible notes increase secured financing complexity and potential future dilution — despite capped calls, the offering raises leverage and introduces conversion features and derivative flows that could be dilutive or pressure the stock depending on conversion outcomes and market dynamics. Quiver: Risks from the Notes Offering

Dave Company Profile

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.