Dave Inc. (NASDAQ:DAVE) Stock Has Average Price Target of $433.25 According to Analysts

by · The Cerbat Gem

Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $433.25.

A number of equities analysts recently commented on DAVE shares. Canaccord Genuity Group lifted their price target on Dave from $342.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Citigroup restated an “outperform” rating on shares of Dave in a research note on Thursday, August 6th. Piper Sandler assumed coverage on Dave in a research report on Monday, August 17th. They issued an “overweight” rating and a $390.00 price objective for the company. Loop Capital started coverage on Dave in a research note on Wednesday, September 9th. They set a “buy” rating and a $500.00 target price for the company. Finally, Citizens Jmp boosted their target price on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th.

View Our Latest Stock Analysis on Dave

Dave Stock Performance

NASDAQ DAVE opened at $331.45 on Tuesday. The firm has a market capitalization of $4.23 billion, a P/E ratio of 21.49 and a beta of 3.83. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93. The firm’s fifty day moving average price is $368.25 and its two-hundred day moving average price is $302.31. Dave has a 1 year low of $152.21 and a 1 year high of $458.25.

Dave (NASDAQ:DAVE – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The firm had revenue of $170.79 million during the quarter, compared to the consensus estimate of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, research analysts anticipate that Dave will post 12.9 EPS for the current year.

Hedge Funds Weigh In On Dave

Institutional investors and hedge funds have recently modified their holdings of the stock. Estuary Capital Management LP bought a new position in shares of Dave during the first quarter worth approximately $20,556,000. Cooper Creek Partners Management LLC acquired a new stake in Dave during the 1st quarter worth approximately $18,313,000. Geode Capital Management LLC boosted its stake in Dave by 31.1% in the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock valued at $70,483,000 after purchasing an additional 75,576 shares during the period. Granahan Investment Management LLC boosted its stake in Dave by 3,325.5% in the 1st quarter. Granahan Investment Management LLC now owns 65,462 shares of the fintech company’s stock valued at $11,396,000 after purchasing an additional 63,551 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Dave by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock valued at $44,069,000 after buying an additional 42,262 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

About Dave

(Get Free Report)

Dave Inc is a financial technology company that operates a digital banking platform designed to help consumers manage everyday finances. Through its mobile application, the company provides tools intended to support budgeting, spending, saving and access to short-term funds.

Dave’s products include Dave Spending, a spending account and debit card offering, as well as budgeting and automatic savings features. Its ExtraCash product provides eligible users with access to advances intended to help manage short-term cash needs.

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