Dave (NASDAQ:DAVE) Given New $310.00 Price Target at Barrington Research

Dave (NASDAQ:DAVE) had its price objective upped by Barrington Research from $290.00 to $310.00 in a research report report published on Friday, MarketBeat Ratings reports. Barrington Research currently has an outperform rating on the fintech company’s stock.

DAVE has been the subject of a number of other research reports. Citizens Jmp upped their price objective on Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 6th. Evercore initiated coverage on Dave in a research note on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target for the company. B. Riley Financial increased their price target on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Lake Street Capital reiterated a “buy” rating and set a $332.00 price target on shares of Dave in a research note on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods increased their price target on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $325.40.

Dave Stock Up 0.5%

DAVE opened at $286.78 on Friday. Dave has a fifty-two week low of $152.21 and a fifty-two week high of $301.19. 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 company has a market capitalization of $3.64 billion, a P/E ratio of 18.44 and a beta of 3.87. The stock has a fifty day moving average of $244.39 and a 200-day moving average of $214.80.

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, beating analysts’ consensus estimates of $2.86 by $0.78. The firm had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities analysts expect that Dave will post 14.7 EPS for the current year.

Dave declared that its board has authorized a share buyback plan on Monday, March 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the fintech company to buy up to 11.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dan Preston sold 275 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 28.48% of the stock is owned by company insiders.

Institutional Trading of Dave

A number of large investors have recently modified their holdings of the stock. WealthCollab LLC acquired a new position in Dave in the second quarter valued at $30,000. National Bank of Canada FI purchased a new position in Dave during the third quarter worth about $30,000. Blue Trust Inc. raised its holdings in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Dave in the fourth quarter valued at about $36,000. Finally, Westend Capital Management LLC increased its holdings in Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Barrington Research raised its price target on Dave Inc. (DAVE) from $290 to $310 and reiterated an outperform rating, signaling confidence that the shares still have room to run. Barrington Research raises DAVE price target
• Positive Sentiment: Analyst and commentary pieces pointed to Dave’s 49% six-month rally, AI-driven credit quality, strong first-quarter profitability, and what some view as an attractive valuation, all of which can support continued buying interest. Zacks article on DAVE upside
• Positive Sentiment: Seeking Alpha highlighted how Dave’s CashAI underwriting, ExtraCash growth, and product expansion could drive continued earnings growth and valuation upside over time. Seeking Alpha article on CashAI and Dave
• Neutral Sentiment: An InsiderMonkey piece discussed a bullish thesis on Dave Inc., but it mostly reiterated the stock’s already-strong performance and valuation rather than providing a new catalyst. InsiderMonkey article on Dave 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.