Keefe, Bruyette & Woods Initiates Coverage on Dave (NASDAQ:DAVE)

Analysts at Keefe, Bruyette & Woods initiated coverage on shares of Dave (NASDAQ:DAVE) in a research report issued on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating on the fintech company’s stock.

Several other equities research analysts also recently commented on the company. Wall Street Zen upgraded Dave from a “hold” rating to a “buy” rating in a report on Saturday. Lake Street Capital reaffirmed a “buy” rating on shares of Dave in a report on Wednesday, December 24th. Weiss Ratings cut shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Canaccord Genuity Group increased their price objective on shares of Dave from $229.00 to $274.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Finally, Citizens Jmp raised their target price on shares of Dave from $300.00 to $310.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 5th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $304.25.

Dave Price Performance

Shares of NASDAQ DAVE opened at $185.53 on Monday. The firm has a market cap of $2.50 billion, a P/E ratio of 18.39 and a beta of 3.89. Dave has a twelve month low of $65.46 and a twelve month high of $286.45. 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 company has a 50 day moving average of $201.27 and a 200 day moving average of $209.88.

Insider Buying and Selling

In other news, CEO Jason Wilk sold 7,393 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $203.77, for a total value of $1,506,471.61. Following the completion of the sale, the chief executive officer directly owned 210,461 shares in the company, valued at $42,885,637.97. This represents a 3.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $204.00, for a total value of $233,784.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 105,164 shares of company stock valued at $20,700,863. 28.48% of the stock is owned by corporate insiders.

Institutional Trading of Dave

Hedge funds have recently bought and sold shares of the stock. KLP Kapitalforvaltning AS raised its stake in shares of Dave by 11.8% in the second quarter. KLP Kapitalforvaltning AS now owns 1,900 shares of the fintech company’s stock worth $510,000 after buying an additional 200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Dave during the 2nd quarter valued at approximately $913,000. Silver Oak Wealth Advisors Services LLC purchased a new stake in Dave in the 2nd quarter worth approximately $501,000. Catalyst Capital Advisors LLC bought a new stake in Dave during the 2nd quarter worth approximately $141,000. Finally, AlphaQuest LLC lifted its holdings in Dave by 125.2% during the second quarter. AlphaQuest LLC now owns 4,318 shares of the fintech company’s stock valued at $1,159,000 after purchasing an additional 2,401 shares in the last quarter. Institutional investors own 18.01% of the company’s stock.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: New analyst coverage: Keefe, Bruyette & Woods started covering DAVE with an “Outperform” rating, adding institutional attention that can support the share price. Zacks Coverage Note
• Positive Sentiment: Consensus/analyst tone is constructive — DAVE is reported to have an average recommendation of “Moderate Buy,” which reinforces demand from buy-side analysts. Analyst Consensus
• Positive Sentiment: Earnings-beat history and outlook: Zacks highlights that DAVE has a strong history of earnings surprises and the signals point toward another potential beat in the next report — a catalyst that often lifts fintech names. Zacks Earnings Preview
• Positive Sentiment: Fundamental/valuation commentary: Coverage pieces note strong member growth, improvements in credit quality driven by CashAI, margin expansion and a valuation below peers — factors supporting longer-term upside. Valuation & Growth Note
• Positive Sentiment: Investor-research view: Dave appears on lists of oversold/value opportunities, which can attract value-oriented buyers if earnings and member metrics remain strong. InsiderMonkey Coverage
• Neutral Sentiment: Short-interest data appears to be a reporting anomaly (the entry reports a “large increase” but shows 0 shares and NaN changes). No clear short-pressure signal is present from this report — treat the data as unreliable until confirmed by an exchange-level update.
• Negative Sentiment: Technical and liquidity headwinds: DAVE is trading below both its 50-day ($201.27) and 200-day ($209.88) moving averages and current volume is below the stock’s average, which can limit momentum and leave the stock vulnerable to downside on negative news.
• Negative Sentiment: Higher volatility/risk profile: The stock’s beta is high (~3.9), meaning larger swings versus the market; investors should account for elevated risk even as analyst coverage turns positive.

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.