Vanguard Group Inc. Acquires 30,546 Shares of Dave Inc. $DAVE

Vanguard Group Inc. increased its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 685,839 shares of the fintech company’s stock after purchasing an additional 30,546 shares during the period. Vanguard Group Inc. owned 0.05% of Dave worth $151,852,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthCollab LLC bought a new position in shares of Dave during the second quarter valued at approximately $30,000. National Bank of Canada FI bought a new position in shares of Dave during the third quarter valued at approximately $30,000. Blue Trust Inc. boosted its stake in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares in the last quarter. Westend Capital Management LLC boosted its stake in shares of Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of Dave during the third quarter valued at approximately $97,000. 18.01% of the stock is currently owned by institutional investors.

Key Dave News

Here are the key news stories impacting Dave this week:

• Neutral Sentiment: An American Banking News piece compared Dave Inc. with another small-cap stock, but it did not appear to contain any new operational or financial catalyst for DAVE. Financial Analysis: Dave (NASDAQ:DAVE) versus Soluna (NASDAQ:SLNH)
• Neutral Sentiment: Market data also noted a short-interest update showing zero reported shares, which does not provide a clear fundamental signal for investors and is unlikely to meaningfully affect the stock on its own.
• Neutral Sentiment: Other headlines mentioning “Dave” were unrelated to Dave Inc., including stories about Dave Roberts, Dave Ramsey, Dave Chappelle, Dave McCormick, and Dave Coulier.

Dave Price Performance

Shares of DAVE opened at $249.42 on Tuesday. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 16.04 and a beta of 3.93. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $287.69. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $218.80 and a two-hundred day moving average of $209.70.

Dave (NASDAQ:DAVE) last announced its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.78. The company had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, analysts predict that Dave Inc. will post 13.03 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Barrington Research reiterated an “outperform” rating and set a $290.00 price objective on shares of Dave in a research note on Monday, May 4th. Citizens Jmp increased their price objective on shares of Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 6th. UBS Group reiterated a “neutral” rating on shares of Dave in a research note on Friday, March 13th. Benchmark restated a “buy” rating on shares of Dave in a research note on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $325.88.

Dave Profile

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.