Universal Beteiligungs und Servicegesellschaft mbH Takes $3.67 Million Position in Dave Inc. $DAVE

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dave Inc. (NASDAQ:DAVE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,405 shares of the fintech company’s stock, valued at approximately $3,669,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Dave at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. WealthCollab LLC purchased a new stake in shares of Dave in the 2nd quarter valued at approximately $30,000. Nisa Investment Advisors LLC lifted its holdings in Dave by 4,933.3% in the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after acquiring an additional 148 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Dave in the third quarter worth approximately $47,000. Team Financial Group LLC acquired a new stake in Dave during the third quarter worth $54,000. Finally, KBC Group NV purchased a new stake in Dave in the second quarter valued at $85,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dave

In related news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jason Wilk sold 7,393 shares of Dave stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $203.77, for a total transaction of $1,506,471.61. Following the completion of the transaction, the chief executive officer owned 210,461 shares of the company’s stock, valued at $42,885,637.97. This represents a 3.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 105,164 shares of company stock worth $20,700,863 in the last ninety days. 28.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DAVE shares. Zacks Research cut Dave from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Citizens Jmp upped their target price on shares of Dave from $300.00 to $310.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 5th. B. Riley reiterated a “buy” rating and set a $297.00 price target (up from $277.00) on shares of Dave in a research report on Wednesday, November 5th. Benchmark reissued a “buy” rating on shares of Dave in a research note on Tuesday, January 13th. Finally, Weiss Ratings cut shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $304.25.

Dave Price Performance

Dave stock opened at $174.89 on Thursday. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. Dave Inc. has a 52-week low of $65.46 and a 52-week high of $286.45. The firm has a market cap of $2.36 billion, a PE ratio of 17.33 and a beta of 3.90. The company’s 50 day moving average is $207.06 and its two-hundred day moving average is $211.87.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, November 4th. The fintech company reported $4.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $1.95. The business had revenue of $150.73 million for the quarter, compared to analyst estimates of $153.09 million. Dave had a return on equity of 65.86% and a net margin of 29.85%. On average, research analysts expect that Dave Inc. will post 1.07 EPS for the current fiscal year.

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.