Inspire Investing LLC Makes New Investment in Dave Inc. $DAVE

Inspire Investing LLC acquired a new stake in shares of Dave Inc. (NASDAQ:DAVE) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 7,874 shares of the fintech company’s stock, valued at approximately $1,371,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. WealthCollab LLC purchased a new position in shares of Dave during the second quarter worth about $30,000. National Bank of Canada FI bought a new position in shares of Dave in the third quarter worth approximately $30,000. Blue Trust Inc. raised its stake in Dave by 106.8% in 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. Kestra Advisory Services LLC purchased a new stake in Dave in the fourth quarter valued at approximately $36,000. Finally, Westend Capital Management LLC lifted its position in 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 during the last quarter. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Benchmark upped their target price on shares of Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday. Evercore assumed coverage on Dave in a research note on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target for the company. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup reiterated an “outperform” rating on shares of Dave in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group increased their price objective on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $338.40.

Insider Activity

In other Dave news, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction dated 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 directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dan Preston sold 275 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 28.48% of the company’s stock.

Dave Stock Performance

Dave stock opened at $383.13 on Thursday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The firm has a market cap of $4.87 billion, a P/E ratio of 24.64 and a beta of 3.82. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $404.44. The firm has a 50-day moving average of $277.41 and a 200-day moving average of $226.08.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping 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 analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Sell-side analysts expect that Dave Inc. will post 15.44 EPS for the current year.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Benchmark raised its price target on Dave Inc. to $475 from $345 and kept a positive view, reinforcing bullish sentiment around the stock. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Investors are also reacting to Dave’s strong first-quarter results, with revenue up 47% year over year and profitability improving sharply, which supports the company’s growth story. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Recent guidance increases for 2026 revenue, adjusted EBITDA, and adjusted EPS continue to suggest management sees sustained momentum ahead. Dave Stock Outlook as CashAI and ExtraCash Fuel 2026 Momentum
• Positive Sentiment: The company’s shift to a bank-partnership funding model for ExtraCash may improve capital efficiency, lower funding costs, and unlock more than $200 million in liquidity, which investors may view as a meaningful balance-sheet catalyst. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates

Dave Company 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.