Dave (NASDAQ:DAVE) Sets New 12-Month High – What’s Next?

24 Apr 2026, 20:00 by Michael Walen · The Markets Daily

Dave Inc. (NASDAQ:DAVE – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $287.69 and last traded at $280.8760, with a volume of 267819 shares trading hands. The stock had previously closed at $273.99.

Key Dave News

Here are the key news stories impacting Dave this week:

Positive Sentiment: Zacks includes DAVE as one of “3 Technology Services Stocks to Consider,” citing industry tailwinds from remote-work adoption and implying upside potential for leaders in the space. 3 Technology Services Stocks to Consider Despite Industry Challenges
Positive Sentiment: Zacks published a separate note highlighting that Dave Inc. hit a 52‑week high and explored whether the run can continue—coverage that can attract momentum and attention from growth-focused investors. Dave Inc. (DAVE) Hit a 52 Week High, Can the Run Continue?
Positive Sentiment: Dave scheduled its Q1 2026 earnings release and conference call for May 5 — a near-term event that gives investors a data-driven update on revenue, user growth and profitability trends and may validate the recent price momentum. Dave to Host First Quarter 2026 Conference Call on May 5, 2026
Neutral Sentiment: Several media items about unrelated public figures named “Dave” (e.g., the death of musician Dave Mason) are appearing in news feeds but are not connected to Dave Inc.’s business or financials. Representative obituary coverage: Dave Mason, co-founder of Traffic known for ‘We Just Disagree’ and ‘Feelin’ Alright,’ dies at 79
Neutral Sentiment: Consumer-finance commentary (e.g., Dave Ramsey offering advice on high-profile personal-loss stories) is showing up in headlines but does not directly affect Dave Inc.’s fundamentals; treat these as noise unless tied to regulatory or sector-level developments. Dave Ramsey has blunt advice for Dallas student losing millions

Analyst Ratings Changes

DAVE has been the subject of several recent research reports. Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. B. Riley Financial upped their price objective on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Lake Street Capital increased their price objective on Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. UBS Group reiterated a “neutral” rating on shares of Dave in a research note on Friday, March 13th. Finally, Benchmark reissued a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dave has an average rating of “Moderate Buy” and an average target price of $315.25.

Read Our Latest Stock Analysis on DAVE

Dave Trading Up 0.5%

The company has a market cap of $3.74 billion, a price-to-earnings ratio of 20.30 and a beta of 3.81. The company’s 50 day moving average price is $201.59 and its 200 day moving average price is $205.99.

Dave declared that its board has initiated a stock buyback program on Monday, March 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Institutional Trading of Dave

Institutional investors have recently modified their holdings of the business. Divisadero Street Capital Management LP raised its position in Dave by 73.1% in the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after acquiring an additional 390,676 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Dave by 819.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after purchasing an additional 186,273 shares in the last quarter. Neuberger Berman Group LLC purchased a new stake in shares of Dave during the 3rd quarter worth $26,726,000. Jefferies Financial Group Inc. acquired a new position in shares of Dave during the 4th quarter worth $27,874,000. Finally, Wellington Management Group LLP grew its stake in shares of Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock worth $35,305,000 after purchasing an additional 118,203 shares during the period. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave Company Profile

(Get Free Report)

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.