Dave (NASDAQ:DAVE) Given “Outperform” Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Dave (NASDAQ:DAVE) in a report released on Tuesday morning,Benzinga reports. Barrington Research currently has a $290.00 price objective on the fintech company’s stock.

DAVE has been the subject of several other research reports. William Blair restated an “outperform” rating on shares of Dave in a research report on Tuesday, March 3rd. B. Riley Financial raised their price objective on Dave from $297.00 to $303.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Benchmark reiterated a “buy” rating on shares of Dave in a research report on Tuesday, March 3rd. Canaccord Genuity Group increased their price objective on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Finally, Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Price Performance

NASDAQ:DAVE opened at $225.34 on Tuesday. Dave has a 12 month low of $65.46 and a 12 month high of $286.45. The firm has a market capitalization of $3.04 billion, a PE ratio of 16.69 and a beta of 3.86. The business’s fifty day moving average price is $193.25 and its 200 day moving average price is $207.50.

Dave declared that its board has authorized a share repurchase plan on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Imran Khan sold 33,270 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $199.34, for a total value of $6,632,041.80. Following the completion of the sale, the director owned 2,110 shares in the company, valued at approximately $420,607.40. This trade represents a 94.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 97,771 shares of company stock worth $19,194,391. 28.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave

A number of large investors have recently modified their holdings of DAVE. SBI Securities Co. Ltd. increased its holdings in shares of Dave by 3.2% in the 2nd 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 boosted its stake 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 acquiring an additional 62 shares in 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 acquiring an additional 65 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after acquiring an additional 79 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Dave by 3.3% in the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after acquiring an additional 88 shares during the period. 18.01% of the stock is owned by hedge funds and other institutional investors.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Barrington Research reaffirmed an “outperform” rating and set a $290 price target (roughly a high-single-digit to mid-double-digit upside from current levels), a clear analyst catalyst supporting buying interest. Barrington Reaffirmation
• Positive Sentiment: Technical backdrop is constructive: DAVE trades above both its 50-day (~$193) and 200-day (~$208) simple moving averages, a bullish setup that can attract momentum flows and trend-following funds.
• Positive Sentiment: Continued bullish narrative from coverage pieces highlighting strong performance — a Zacks write-up notes DAVE has climbed ~165% over the past year, reinforcing momentum-driven investor interest. Zacks Coverage
• Neutral Sentiment: Short-interest notices in recent data show reported increases but list “0 shares” / NaN changes — this appears to be a reporting/data anomaly rather than meaningful new short pressure; days-to-cover reads as 0.0 in the feeds. (Monitor official exchange short-interest releases for confirmation.)
• Neutral Sentiment: Multiple news items about shootings at Dave & Buster’s locations are circulating; these stories concern Dave & Buster’s (ticker PLAY) and are unrelated to Dave Inc.’s fintech business, so they are unlikely to be a direct driver of DAVE’s valuation. Example coverage: Dave & Buster’s Shooting Coverage
• Neutral Sentiment: Risk/volatility note: DAVE has a high beta (~3.86), so analyst upgrades, momentum, or news-flow can produce amplified intraday moves; position size and stop management are important for traders.

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.