Dave (NASDAQ:DAVE) to Repurchase $300.00 million in Stock

Dave (NASDAQ:DAVE) declared that its board has approved a stock buyback plan on Monday, March 2nd, RTT News reports. The company plans to buyback $300.00 million in shares. This buyback authorization allows the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Dave Trading Up 4.9%

Shares of NASDAQ:DAVE opened at $208.76 on Wednesday. The company has a 50 day moving average of $194.07 and a 200-day moving average of $206.61. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.26. The firm has a market cap of $2.82 billion, a P/E ratio of 15.46 and a beta of 3.86. Dave has a twelve month low of $65.46 and a twelve month high of $286.45.

Analyst Ratings Changes

A number of research firms have recently weighed in on DAVE. Wall Street Zen raised shares of Dave from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. B. Riley Financial increased their price objective on shares of Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Wednesday, November 5th. Canaccord Genuity Group upped their target price on shares of Dave from $274.00 to $328.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Lake Street Capital increased their price target on shares of Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $312.13.

Dave News Summary

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

Insider Transactions at Dave

In other Dave news, Director Imran Khan sold 1,146 shares of Dave stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total transaction of $233,784.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 97,771 shares of company stock worth $19,194,391. 28.48% of the stock is currently owned by insiders.

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.