Dave (NASDAQ:DAVE) to Buyback $300.00 million in Stock

Dave (NASDAQ:DAVE) announced that its board has authorized a stock buyback program on Monday, March 2nd, RTT News reports. The company plans to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to buy up to 11.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have commented on DAVE. Citizens Jmp set a $310.00 price target on shares of Dave in a research report on Wednesday, November 5th. Weiss Ratings cut shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Benchmark restated a “buy” rating on shares of Dave in a research report on Tuesday. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price target on shares of Dave in a report on Monday. Finally, William Blair reissued an “outperform” rating on shares of Dave in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.13.

Dave Price Performance

DAVE stock opened at $210.67 on Thursday. The company has a 50 day moving average price of $193.72 and a 200 day moving average price of $206.63. Dave has a fifty-two week low of $65.46 and a fifty-two week high of $286.45. The stock has a market capitalization of $2.84 billion, a PE ratio of 15.61 and a beta of 3.86.

Key Stories Impacting Dave

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

Insider Activity

In other news, Director Imran Khan sold 33,270 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $199.34, for a total transaction of $6,632,041.80. Following the transaction, the director owned 2,110 shares of the company’s stock, valued at $420,607.40. This represents a 94.04% decrease in their ownership of the stock. The sale was disclosed in a legal 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 over the last quarter. Corporate insiders own 28.48% of the company’s stock.

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.