Dave (NASDAQ:DAVE) Given New $303.00 Price Target at B. Riley Financial

Dave (NASDAQ:DAVE) had its price objective lifted by B. Riley Financial from $297.00 to $303.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the fintech company’s stock.

Other equities research analysts have also recently issued reports about the stock. William Blair began coverage on shares of Dave in a research report on Monday, February 9th. They set an “outperform” rating for the company. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price target on shares of Dave in a report on Monday. Citizens Jmp set a $310.00 price objective on Dave in a report on Wednesday, November 5th. Keefe, Bruyette & Woods raised their target price on Dave from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Lake Street Capital restated a “buy” rating on shares of Dave in a research note on Wednesday, December 24th. One 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Stock Up 4.9%

Shares of NASDAQ:DAVE opened at $208.76 on Tuesday. Dave has a fifty-two week low of $65.46 and a fifty-two week high of $286.45. The firm’s 50 day moving average price is $194.07 and its 200 day moving average price is $206.61. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 15.46 and a beta of 3.86.

Dave declared that its Board of Directors has initiated a share repurchase program on Monday, March 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the fintech company to purchase up to 11.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity at Dave

In related news, Director Imran Khan sold 33,270 shares of the company’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 $420,607.40. This represents a 94.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 97,771 shares of company stock valued at $19,194,391. Insiders own 28.48% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. WealthCollab LLC purchased a new stake in shares of Dave in the second quarter valued at about $30,000. National Bank of Canada FI acquired a new position in Dave in the 3rd quarter valued at about $30,000. Blue Trust Inc. raised its stake 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 acquiring an additional 79 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Dave during the 4th quarter valued at approximately $36,000. Finally, Nisa Investment Advisors LLC lifted its position in Dave by 4,933.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock worth $41,000 after acquiring an additional 148 shares during the period. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting 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

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.