Dave (NASDAQ:DAVE) Given New $450.00 Price Target at Citizens Jmp

Dave (NASDAQ:DAVE) had its price target lifted by Citizens Jmp from $365.00 to $450.00 in a research note released on Thursday,Benzinga reports. They currently have a market outperform rating on the fintech company’s stock.

A number of other equities analysts have also weighed in on the company. Weiss Ratings lowered Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Citigroup reaffirmed an “outperform” rating on shares of Dave in a report on Thursday. Canaccord Genuity Group boosted their price target on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Benchmark upped their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $346.90.

Dave Trading Up 3.9%

Dave stock opened at $390.14 on Thursday. The stock has a 50-day moving average price of $290.56 and a 200 day moving average price of $233.91. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 25.09 and a beta of 3.82. Dave has a 52 week low of $152.21 and a 52 week high of $409.00. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Sell-side analysts anticipate that Dave will post 15.44 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Dave

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC raised its position in Dave by 2,267.1% in the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock worth $19,606,000 after acquiring an additional 84,811 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Dave during the 3rd quarter worth $1,826,000. Pictet Asset Management Holding SA grew its stake in shares of Dave by 372.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock worth $1,293,000 after purchasing an additional 4,604 shares during the period. Azora Capital LP grew its stake in shares of Dave by 87.9% during the 3rd quarter. Azora Capital LP now owns 133,242 shares of the fintech company’s stock worth $26,562,000 after purchasing an additional 62,318 shares during the period. Finally, Granahan Investment Management LLC purchased a new position in shares of Dave in the 3rd quarter valued at about $2,400,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Citizens JMP raised its price target on Dave Inc. (DAVE) from $365 to $450 and reiterated a market outperform rating, signaling confidence that the stock can still climb from current levels. Benzinga report on target increase
• Positive Sentiment: Zacks said Dave’s ARPU growth story is still gaining momentum in 2026, citing stronger ExtraCash demand, higher fees, second draws, and liquidity improvements, which supports the company’s revenue outlook. Zacks article on ARPU growth
• Positive Sentiment: Another Zacks note said Dave’s Flex Card could help the company expand from short-term cash advances into more everyday spending, though the eventual payoff depends on credit performance. Zacks article on Flex Card
• Neutral Sentiment: Several other items referenced Dave Ramsey or unrelated people named Dave, which are not directly tied to Dave Inc. (DAVE) and are unlikely to affect the 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.