Dave (NASDAQ:DAVE) Shares Gap Up After Analyst Upgrade

Dave Inc. (NASDAQ:DAVE) shares gapped up before the market opened on Tuesday after Lake Street Capital raised their price target on the stock from $308.00 to $326.00. The stock had previously closed at $199.01, but opened at $208.89. Lake Street Capital currently has a buy rating on the stock. Dave shares last traded at $192.4720, with a volume of 480,648 shares changing hands.

DAVE has been the topic of several other reports. Citizens Jmp set a $310.00 price target on Dave in a research note on Wednesday, November 5th. Benchmark reaffirmed a “buy” rating on shares of Dave in a research report on Tuesday. William Blair reiterated an “outperform” rating on shares of Dave in a research note on Tuesday. Wall Street Zen raised shares of Dave from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $312.13.

Insider Buying and Selling

In other Dave news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 97,771 shares of company stock worth $19,194,391. Corporate insiders own 28.48% of the company’s stock.

Trending Headlines about 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

Institutional Investors Weigh In On Dave

Several institutional investors and hedge funds have recently made changes to their positions in DAVE. SBI Securities Co. Ltd. lifted its position in 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 acquiring an additional 60 shares in the last quarter. Brevan Howard Capital Management LP increased 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 purchasing an additional 62 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dave by 0.7% in the second 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 last quarter. Blue Trust Inc. lifted its holdings in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Dave by 3.3% during the third quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock valued at $556,000 after buying an additional 88 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

Dave Price Performance

The firm has a 50-day moving average of $194.07 and a 200 day moving average of $206.61. The company has a market capitalization of $2.82 billion, a PE ratio of 15.46 and a beta of 3.86. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.69 and a quick ratio of 8.69.

Dave announced that its Board of Directors has approved a share repurchase program on Monday, March 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.