Dave (NASDAQ:DAVE) Price Target Raised to $326.00 at Lake Street Capital

Dave (NASDAQ:DAVE) had its price objective boosted by Lake Street Capital from $308.00 to $326.00 in a report issued on Tuesday morning,Benzinga reports. Lake Street Capital currently has a buy rating on the fintech company’s stock.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group increased their price target on shares of Dave from $274.00 to $328.00 and gave the stock a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on Dave from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $290.00 price target on shares of Dave in a report on Monday. B. Riley Financial upped their price target on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Citizens Jmp set a $310.00 price objective on shares of Dave in a report on Wednesday, November 5th. 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’s stock. Based on data from MarketBeat.com, Dave has a consensus rating of “Moderate Buy” and a consensus price target of $312.13.

Dave Trading Up 4.9%

NASDAQ DAVE opened at $208.76 on Tuesday. The company has a market capitalization of $2.82 billion, a price-to-earnings 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 has a 12 month low of $65.46 and a 12 month high of $286.45. The company’s fifty day moving average price is $194.07 and its two-hundred day moving average price is $206.61.

Dave declared that its Board of Directors has initiated a stock buyback program on Monday, March 2nd that allows the company 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 programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Dave

In related news, Director Imran Khan sold 33,270 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $199.34, for a total value of $6,632,041.80. Following the sale, the director directly owned 2,110 shares in the company, valued at $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 available through this hyperlink. Over the last three months, insiders sold 97,771 shares of company stock valued at $19,194,391. Corporate insiders own 28.48% of the company’s stock.

Institutional Trading of Dave

Hedge funds and other institutional investors have recently made changes to their positions in the stock. WealthCollab LLC bought a new stake in Dave during the second quarter worth approximately $30,000. National Bank of Canada FI purchased a new stake in shares of Dave during the third quarter valued at $30,000. Nisa Investment Advisors LLC boosted its holdings in shares of Dave by 4,933.3% in the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock worth $41,000 after buying an additional 148 shares during the period. Blue Trust Inc. grew its position in 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 purchasing an additional 79 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Dave during the fourth quarter valued at $36,000. 18.01% of the stock is currently owned by institutional investors.

Dave News Roundup

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.