Principal Financial Group Inc. Buys 12,555 Shares of Dave Inc. $DAVE

Principal Financial Group Inc. lifted its stake in Dave Inc. (NASDAQ:DAVE) by 22.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 67,792 shares of the fintech company’s stock after buying an additional 12,555 shares during the quarter. Principal Financial Group Inc.’s holdings in Dave were worth $13,514,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods initiated coverage on Dave in a research report on Monday. They set an “outperform” rating for the company. Barrington Research reissued an “outperform” rating and issued a $290.00 price objective on shares of Dave in a research note on Monday, November 3rd. 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. William Blair started coverage on shares of Dave in a report on Monday. They issued an “outperform” rating for the company. Finally, Citigroup reissued an “outperform” rating on shares of Dave in a research note on Wednesday, November 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $304.25.

Dave Price Performance

Dave stock opened at $185.53 on Wednesday. Dave Inc. has a 12-month low of $65.46 and a 12-month high of $286.45. The company has a current ratio of 8.69, a quick ratio of 8.69 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $201.27 and a 200-day moving average price of $209.88. The firm has a market capitalization of $2.50 billion, a PE ratio of 18.39 and a beta of 3.89.

Insider Buying and Selling

In related news, Director Imran Khan sold 33,270 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $199.34, for a total transaction of $6,632,041.80. Following the completion of the sale, the director directly owned 2,110 shares of the company’s stock, valued at approximately $420,607.40. This trade represents a 94.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jason Wilk sold 7,393 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $203.77, for a total value of $1,506,471.61. Following the transaction, the chief executive officer owned 210,461 shares of the company’s stock, valued at approximately $42,885,637.97. The trade was a 3.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 105,164 shares of company stock worth $20,700,863. Insiders own 28.48% of the company’s stock.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: New analyst coverage: Keefe, Bruyette & Woods started covering DAVE with an “Outperform” rating, adding institutional attention that can support the share price. Zacks Coverage Note
• Positive Sentiment: Consensus/analyst tone is constructive — DAVE is reported to have an average recommendation of “Moderate Buy,” which reinforces demand from buy-side analysts. Analyst Consensus
• Positive Sentiment: Earnings-beat history and outlook: Zacks highlights that DAVE has a strong history of earnings surprises and the signals point toward another potential beat in the next report — a catalyst that often lifts fintech names. Zacks Earnings Preview
• Positive Sentiment: Fundamental/valuation commentary: Coverage pieces note strong member growth, improvements in credit quality driven by CashAI, margin expansion and a valuation below peers — factors supporting longer-term upside. Valuation & Growth Note
• Positive Sentiment: Investor-research view: Dave appears on lists of oversold/value opportunities, which can attract value-oriented buyers if earnings and member metrics remain strong. InsiderMonkey Coverage
• Neutral Sentiment: Short-interest data appears to be a reporting anomaly (the entry reports a “large increase” but shows 0 shares and NaN changes). No clear short-pressure signal is present from this report — treat the data as unreliable until confirmed by an exchange-level update.
• Negative Sentiment: Technical and liquidity headwinds: DAVE is trading below both its 50-day ($201.27) and 200-day ($209.88) moving averages and current volume is below the stock’s average, which can limit momentum and leave the stock vulnerable to downside on negative news.
• Negative Sentiment: Higher volatility/risk profile: The stock’s beta is high (~3.9), meaning larger swings versus the market; investors should account for elevated risk even as analyst coverage turns positive.

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.