Dave (NASDAQ:DAVE) Stock Crosses Above 200 Day Moving Average – What’s Next?

10 Oct 2026, 11:41 by Scott Moore · The Cerbat Gem

Shares of Dave Inc. (NASDAQ:DAVE – Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $311.10 and traded as high as $354.43. Dave shares last traded at $353.40, with a volume of 285,425 shares.

Key Dave News

Here are the key news stories impacting Dave this week:

Positive Sentiment: Reported short interest is listed at zero shares. The October update shows a 0.0-day short-interest ratio, suggesting no measurable short-selling pressure. However, the description’s reference to a “large increase” conflicts with the reported zero-share figure, so investors should treat the data cautiously.
Neutral Sentiment: No direct Dave Inc. business announcement was reported. The coverage about Dave the Diver concerns a video game, including a physical release and a planned Subnautica 2 downloadable-content pack for early 2027; it has no connection to Dave Inc. DAVE THE DIVER DLC Subnautica 2 Content Pack announced
Neutral Sentiment: Dave’s Hot Chicken expansion is unrelated to DAVE. The restaurant chain reached its 500th location and announced a free-slider promotion. These developments do not affect Dave Inc.’s revenue, earnings, or outlook. Dave’s Hot Chicken reaches 500 locations
Negative Sentiment: The latest company-specific financial backdrop remains mixed. Dave Inc.’s most recent quarterly EPS missed consensus substantially, although revenue was approximately in line. With the stock trading well above its 50-day and 200-day moving averages and carrying a high beta, profit-taking or volatility remains a risk if investors focus on the earnings miss rather than the company’s full-year guidance.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DAVE shares. B. Riley Financial increased their price objective on shares of Dave from $370.00 to $449.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Piper Sandler initiated coverage on Dave in a research note on Monday, August 17th. They set an “overweight” rating and a $390.00 target price on the stock. Keefe, Bruyette & Woods upped their target price on Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Citigroup reiterated an “outperform” rating on shares of Dave in a report on Thursday, August 6th. Finally, Wall Street Zen raised Dave from a “sell” rating to a “hold” rating in a research note on Saturday. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Dave has an average rating of “Moderate Buy” and a consensus price target of $433.25.

Get Our Latest Stock Report on Dave

Dave Stock Up 4.3%

The company’s 50 day moving average is $353.54 and its 200 day moving average is $311.50. The company has a market cap of $4.70 billion, a PE ratio of 23.89 and a beta of 3.92. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93.

Dave (NASDAQ:DAVE – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). The company had revenue of $170.79 million during the quarter, compared to analysts’ expectations of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, analysts predict that Dave Inc. will post 13.04 earnings per share for the current fiscal year.

Institutional Trading of Dave

Several hedge funds have recently modified their holdings of the company. GK Wealth Management LLC acquired a new position in Dave during the third quarter valued at $34,000. Allworth Financial LP grew its stake in Dave by 25.4% during the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock valued at $53,000 after acquiring an additional 29 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after purchasing an additional 68 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Dave during the second quarter valued at about $137,000. Finally, Nykredit A S purchased a new position in Dave during the 2nd quarter valued at about $193,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

About Dave

(Get Free Report)

Dave Inc is a financial technology company that operates a mobile banking and personal finance platform for consumers in the United States. The company provides tools designed to help members manage everyday finances, access funds between paychecks and improve their financial flexibility.