Barrington Research Reaffirms “Outperform” Rating for Dave (NASDAQ:DAVE)

Dave (NASDAQ:DAVE)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $290.00 target price on the fintech company’s stock. Barrington Research’s price objective suggests a potential upside of 38.92% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods initiated coverage on shares of Dave in a report on Monday, February 9th. They set an “outperform” rating on the stock. Lake Street Capital reiterated a “buy” rating on shares of Dave in a report on Wednesday, December 24th. Canaccord Genuity Group boosted their price target on Dave from $229.00 to $274.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Benchmark reaffirmed a “buy” rating on shares of Dave in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Dave from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Trading Up 4.9%

NASDAQ DAVE opened at $208.76 on Monday. Dave has a one year low of $65.46 and a one year high of $286.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 8.69 and a current ratio of 8.69. 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’s 50-day simple moving average is $194.07 and its two-hundred day simple moving average is $206.61.

Dave declared that its Board of Directors has initiated a stock buyback plan on Monday, March 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Dave news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 97,771 shares of company stock valued at $19,194,391 over the last three months. 28.48% of the stock is currently owned by company insiders.

Institutional Trading of Dave

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its stake in Dave by 3.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company’s stock valued at $524,000 after purchasing an additional 60 shares during the last quarter. Brevan Howard Capital Management LP lifted its holdings in shares of Dave by 1.6% during the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after purchasing an additional 62 shares during the period. JPMorgan Chase & Co. boosted its position in Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after buying an additional 65 shares during the last quarter. 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 worth $34,000 after buying an additional 79 shares during the period. Finally, Arizona State Retirement System increased its holdings in Dave by 3.3% in the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 18.01% of the company’s stock.

More Dave News

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.