Dave (NASDAQ:DAVE) Raised to Strong-Buy at UBS Group

Dave (NASDAQ:DAVE) was upgraded by analysts at UBS Group to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Lake Street Capital reiterated a “buy” rating and set a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. Wall Street Zen downgraded Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Benchmark reissued a “buy” rating on shares of Dave in a research report on Tuesday, March 3rd. Finally, Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Dave currently has an average rating of “Buy” and a consensus price target of $323.40.

Dave Stock Performance

DAVE opened at $256.26 on Tuesday. Dave has a 52-week low of $152.21 and a 52-week high of $287.69. The firm has a market capitalization of $3.26 billion, a PE ratio of 16.48 and a beta of 3.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The business’s 50-day simple moving average is $225.36 and its 200 day simple moving average is $209.81.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The business had revenue of $158.40 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. As a group, sell-side analysts expect that Dave will post 14.49 earnings per share for the current fiscal year.

Dave declared that its Board of Directors has authorized 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 reacquire up to 11.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Dave

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Dave by 22.7% during the third quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock worth $13,514,000 after acquiring an additional 12,555 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Dave by 2,267.1% during the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock worth $19,606,000 after acquiring an additional 84,811 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Dave during the third quarter worth approximately $1,826,000. Wilson Asset Management International PTY Ltd. bought a new stake in shares of Dave during the third quarter worth approximately $1,561,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Dave by 372.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock worth $1,293,000 after acquiring an additional 4,604 shares during the period. Institutional investors and hedge funds own 18.01% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Evercore began coverage of Dave Inc. with an in-line rating and a $260 price target, suggesting the stock is viewed as roughly fairly valued but still supported by analysts. Evercore coverage referenced in market news
• Positive Sentiment: Zacks added Dave Inc. (DAVE) to its Strong Buy list, which may attract momentum-oriented investors and reinforce bullish sentiment. New Strong Buy Stocks for May 27th
• Neutral Sentiment: Several articles mentioning “Dave” refer to Dave Ramsey, Dave Chappelle, Dave Filoni, or Dave & Buster’s and appear unrelated to Dave Inc.’s business performance. Dave Ramsey article

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.