UBS Group Forecasts Strong Price Appreciation for Dave (NASDAQ:DAVE) Stock

by · The Cerbat Gem

Dave (NASDAQ:DAVE – Get Free Report) had its target price lifted by analysts at UBS Group from $300.00 to $470.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the fintech company’s stock. UBS Group’s price objective suggests a potential upside of 20.65% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Lake Street Capital reaffirmed a “buy” rating and set a $332.00 price target on shares of Dave in a research note on Wednesday, May 6th. Evercore started coverage on shares of Dave in a research note on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective for the company. B. Riley Financial boosted their price objective on shares of Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Canaccord Genuity Group upped their price objective on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings lowered Dave from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $379.40.

Read Our Latest Stock Report on DAVE

Dave Stock Down 2.8%

DAVE opened at $389.56 on Tuesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 25.05 and a beta of 3.82. The business has a 50-day moving average of $295.78 and a two-hundred day moving average of $236.38. Dave has a 12 month low of $152.21 and a 12 month high of $409.00.

Dave (NASDAQ:DAVE – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, research analysts expect that Dave will post 15.45 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the transaction, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave

A number of hedge funds have recently made changes to their positions in the business. WealthCollab LLC acquired a new position in shares of Dave during the 2nd quarter valued at $30,000. National Bank of Canada FI acquired a new stake in Dave in the 3rd quarter valued at $30,000. Blue Trust Inc. increased its holdings in Dave by 106.8% in the 4th 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. Kestra Advisory Services LLC purchased a new position in Dave in the fourth quarter valued at about $36,000. Finally, Westend Capital Management LLC raised its position in Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 18.01% of the company’s stock.

About Dave

(Get Free Report)

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.

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