Dave (NASDAQ:DAVE) Stock Price Expected to Rise, B. Riley Financial Analyst Says

Dave (NASDAQ:DAVE) had its target price increased by equities research analysts at B. Riley Financial from $297.00 to $303.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the fintech company’s stock. B. Riley Financial’s price target suggests a potential upside of 43.83% from the company’s current price.

A number of other equities analysts also recently commented on DAVE. Citigroup restated an “outperform” rating on shares of Dave in a research note on Wednesday, November 5th. Benchmark reiterated a “buy” rating on shares of Dave in a report on Tuesday, January 13th. Lake Street Capital restated a “buy” rating on shares of Dave in a report on Wednesday, December 24th. Citizens Jmp set a $310.00 target price on Dave in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised Dave from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.13.

Dave Trading Up 0.9%

Shares of DAVE opened at $210.67 on Tuesday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 15.61 and a beta of 3.86. Dave has a 12-month low of $65.46 and a 12-month high of $286.45. The firm has a fifty day moving average price of $193.72 and a 200-day moving average price of $206.63.

Dave declared that its Board of Directors has approved a share repurchase program on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Imran Khan sold 1,146 shares of Dave 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. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 97,771 shares of company stock worth $19,194,391 in the last ninety days. 28.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave

Hedge funds have recently made changes to their positions in the stock. WealthCollab LLC purchased a new position in Dave in the second quarter valued at about $30,000. National Bank of Canada FI bought a new stake in shares of Dave in the 3rd quarter valued at about $30,000. Nisa Investment Advisors LLC boosted its holdings in shares of Dave by 4,933.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after buying an additional 148 shares in the last quarter. Blue Trust Inc. grew its position in shares of 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 last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Dave during the 4th quarter worth approximately $36,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q4 revenue and growth — Dave reported Q4 2025 revenues of $163.7M, up ~62% year-over-year, highlighting high-velocity top-line scaling that supports higher valuation expectations. Zacks: Revenues Surge
• Positive Sentiment: Upgraded guidance — Dave updated FY2026 guidance well above Street estimates (EPS and revenue ranges), which supports upward revisions to earnings models and helped lift sentiment. Guidance Update
• Positive Sentiment: Analyst upgrades and price-target raises — Multiple firms (Canaccord, Keefe Bruyette & Woods, B. Riley, Lake Street) raised price targets and ratings, increasing implied upside and likely attracting buying interest. Benzinga: Analyst Actions
• Positive Sentiment: $300M buyback — The board authorized repurchases up to $300M (≈11.2% of shares), a clear capital-return signal that often supports the share price. RTT News: Buyback
• Neutral Sentiment: Convertible-notes offering with capped calls ($150M) — Dave intends to raise $150M via convertible senior notes due 2031, with proceeds earmarked for capped-call hedges and share repurchases; this funds buybacks but introduces financing complexity and potential future conversion dynamics. GlobeNewswire: Convertible Notes
• Neutral Sentiment: Convertible-notes market activity — Counterparties expect to hedge via derivatives and possible market purchases, which can either lift the stock (buying to hedge) or add volatility depending on timing. QuiverQuant: Notes Details
• Neutral Sentiment: Short-interest data appears unreliable — recent short-interest entries show zeros/NaN and a 0.0-day ratio; treat that dataset cautiously until corrected. (No link; internal data feed.)
• Negative Sentiment: Heavy insider selling — aggregated filings show substantial insider sales by executives over recent months, which can concern investors about near-term insider conviction despite corporate buybacks. QuiverQuant: Insider Activity
• Positive Sentiment: Barrington reaffirmation — Barrington Research reiterated an Outperform rating, adding to the supportive analyst backdrop. AmericanBankingNews: Barrington

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.