Dave (NASDAQ:DAVE) Price Target Raised to $328.00 at Canaccord Genuity Group

Dave (NASDAQ:DAVE) had its price target increased by Canaccord Genuity Group from $274.00 to $328.00 in a research report report published on Tuesday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the fintech company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Weiss Ratings cut shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Barrington Research restated an “outperform” rating and set a $290.00 target price on shares of Dave in a research report on Monday. Citigroup reaffirmed an “outperform” rating on shares of Dave in a report on Wednesday, November 5th. Finally, B. Riley Financial reiterated a “buy” rating and issued a $297.00 price target (up from $277.00) on shares of Dave in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Dave has a consensus rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Stock Performance

DAVE opened at $208.76 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 8.69 and a quick ratio of 8.69. The business has a fifty day simple moving average of $194.07 and a 200 day simple moving average of $206.61. Dave has a 1 year low of $65.46 and a 1 year high of $286.45. The company has a market capitalization of $2.82 billion, a PE ratio of 15.46 and a beta of 3.86.

Dave declared that its board has approved a stock 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 purchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Dave

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted 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 purchasing an additional 60 shares during the last quarter. Brevan Howard Capital Management LP raised its holdings 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 buying an additional 62 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 buying an additional 65 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in Dave by 3.3% in 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 in the last quarter. 18.01% of the stock is owned by institutional investors.

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

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.