Fintech Dave eyes 7-day winning streak ahead of planned capital raise

Digital banking services firm Dave's DAVE.O shares up 1.1% at $211 in Weds afternoon trading and rising for seventh straight session as it looks to raise capital

DAVE shares on longest winning streak since 12-session run last May, racking up ~27% gain along the way

Stock rose ~5% on Tues after co late Mon posted Q4 beat and 2026 adj EPS forecast of $14-$15 topped consensus

Subsequently, Los Angeles, California-based co unveiled proposed private offering of $150 mln 5-yr convertible bonds

It intends to use net offering proceeds for general purposes, including share repurchases under its stock buyback program

Also plans to use proceeds to fund capped calls, derivative transactions employed to help offset potential dilution, and repurchase its shares to facilitate hedging

Co has ~$2.8 bln market cap

Including move on the session, stock up roughly 135% over the past year

All 10 analysts are bullish, including 2 "strong buy" ratings; median PT $310, per LSEG data