Boothbay Fund Management LLC Acquires 2,184 Shares of Dave Inc. $DAVE

Boothbay Fund Management LLC lifted its holdings in Dave Inc. (NASDAQ:DAVE) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,731 shares of the fintech company’s stock after purchasing an additional 2,184 shares during the quarter. Boothbay Fund Management LLC’s holdings in Dave were worth $8,354,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Dave by 2,267.1% in the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after buying an additional 84,811 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Dave in the third quarter valued at about $1,826,000. Pictet Asset Management Holding SA raised its holdings in shares of Dave by 372.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock valued at $1,293,000 after buying an additional 4,604 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of Dave in the third quarter valued at about $26,726,000. Finally, Azora Capital LP raised its holdings in shares of Dave by 87.9% in the third quarter. Azora Capital LP now owns 133,242 shares of the fintech company’s stock valued at $26,562,000 after buying an additional 62,318 shares during the last quarter. 18.01% of the stock is owned by institutional investors.

Dave Stock Performance

Shares of DAVE stock opened at $285.84 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The stock has a market cap of $3.63 billion, a PE ratio of 18.38 and a beta of 3.87. The stock has a 50-day moving average of $251.86 and a 200-day moving average of $216.68. Dave Inc. has a one year low of $152.21 and a one year high of $318.66.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The company had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, sell-side analysts expect that Dave Inc. will post 14.7 earnings per share for the current year.

Dave declared that its Board of Directors has authorized a share buyback plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the fintech company to buy up to 11.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Dave news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 28.48% of the company’s stock.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted that Dave trades below the industry P/E average despite strong profitability metrics, including nearly 80% return on equity, healthy margins, low debt, and rising member growth, suggesting the stock could still be undervalued. Article Title
• Neutral Sentiment: Other articles in the feed focus on unrelated personal finance commentary from Dave Ramsey and non-material stories about Dave & Buster’s, which are not directly relevant to Dave Inc.’s stock. Article Title
• Negative Sentiment: Benchmark’s downgrade from strong-buy to hold is the clearest negative catalyst in the news flow and likely a key reason investors are selling the stock today. Read More: Read More.

Analysts Set New Price Targets

Several analysts have weighed in on DAVE shares. Benchmark cut Dave from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity Group boosted their price objective on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Evercore started coverage on Dave in a report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Barrington Research boosted their price objective on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $325.40.

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.