Dave Inc. (NASDAQ:DAVE) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dave Inc. (NASDAQ:DAVE) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $312.1250.

Several analysts have recently issued reports on the company. Wall Street Zen raised Dave from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Canaccord Genuity Group lifted their price objective on shares of Dave from $274.00 to $328.00 and gave the stock a “buy” rating in a research note on Tuesday. Barrington Research restated an “outperform” rating and set a $290.00 target price on shares of Dave in a research report on Monday. Finally, Benchmark reaffirmed a “buy” rating on shares of Dave in a report on Tuesday.

Insider Activity

In other news, Director Imran Khan sold 1,146 shares of Dave stock in a transaction that occurred 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 the SEC website. Over the last three months, insiders sold 97,771 shares of company stock valued at $19,194,391. 28.48% of the stock is owned by company insiders.

Institutional Trading of Dave

A number of institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. boosted its stake in Dave by 3.2% during the second quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock worth $524,000 after buying an additional 60 shares during the period. Brevan Howard Capital Management LP lifted its holdings in shares of Dave by 1.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after acquiring an additional 62 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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 purchasing an additional 65 shares during the period. 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 purchasing an additional 79 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Dave by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock valued at $556,000 after purchasing an additional 88 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors.

Dave Trading Up 3.6%

Shares of DAVE stock opened at $218.21 on Friday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 16.16 and a beta of 3.86. Dave has a 12-month low of $65.46 and a 12-month high of $286.45. The stock’s 50-day moving average price is $193.53 and its 200-day moving average price is $206.72.

Dave announced that its Board of Directors has initiated a share repurchase 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 purchase up to 11.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Company priced an upsized $175M 0% convertible senior notes offering due 2031 and entered into capped‑call hedges; Dave expects ~ $168M net proceeds and will use about $70.5M to repurchase ~334,000 shares while the capped calls limit dilution (cap initially $421.34/share). This financing supports buybacks while preserving conversion premiums. Article Title
• Positive Sentiment: Board approved a separate, larger $300M share‑repurchase authorization (up to ~11.2% of shares outstanding), signaling management’s view that the stock is undervalued and providing substantial cash support for the share price. Article Title
• Positive Sentiment: Several brokerages raised price targets and upgraded coverage recently (examples include Lake Street, Keefe Bruyette & Woods, Canaccord Genuity, B. Riley and reaffirmations from Barrington), which can boost sentiment and buying interest. Article Title
• Positive Sentiment: Dave reported strong top‑line momentum (Q4 2025 revenue of $163.7M, ~+62% YoY), supporting the case for continued growth and providing fundamental backing for higher valuations. Article Title
• Neutral Sentiment: Short‑interest data reported in recent feeds shows anomalous zero/NaN values (short interest and days to cover reported as 0/NaN), making it unclear whether short activity is a material near‑term force on the stock price.
• Negative Sentiment: Insider activity and capital structure caveats: Quiver/filings show heavy insider selling (many open‑market sales and no recent purchases), and the convertible issuance increases secured access to capital and potential future dilution if conversions occur — though capped calls mitigate some dilution risk. Article Title

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.