Meeder Asset Management Inc. Sells 4,108 Shares of Dave Inc. $DAVE

Meeder Asset Management Inc. lowered its stake in Dave Inc. (NASDAQ:DAVE) by 86.7% during the 1st quarter, Holdings Channel reports. The firm owned 631 shares of the fintech company’s stock after selling 4,108 shares during the quarter. Meeder Asset Management Inc.’s holdings in Dave were worth $110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its holdings in shares of Dave by 20.0% in the first quarter. Dimensional Fund Advisors LP now owns 253,173 shares of the fintech company’s stock worth $44,069,000 after purchasing an additional 42,262 shares during the last quarter. Future Fund LLC boosted its stake in Dave by 24.9% during the first quarter. Future Fund LLC now owns 11,593 shares of the fintech company’s stock valued at $2,018,000 after buying an additional 2,313 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in Dave by 14.7% during the 1st quarter. Gryphon Financial Partners LLC now owns 1,150 shares of the fintech company’s stock valued at $200,000 after buying an additional 147 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Dave during the 1st quarter valued at approximately $2,461,000. Finally, Sanctuary Advisors LLC increased its stake in Dave by 69.3% in the 1st quarter. Sanctuary Advisors LLC now owns 5,707 shares of the fintech company’s stock worth $994,000 after acquiring an additional 2,336 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

Dave Stock Up 0.1%

Shares of NASDAQ DAVE opened at $438.90 on Wednesday. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $458.25. The firm has a 50-day simple moving average of $317.94 and a two-hundred day simple moving average of $245.26. The company has a market cap of $5.58 billion, a P/E ratio of 28.23 and a beta of 3.82. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last released its 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 firm had revenue of $158.41 million for the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Research analysts anticipate that Dave Inc. will post 15.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DAVE. Lake Street Capital reaffirmed a “buy” rating and set a $332.00 price objective on shares of Dave in a report on Wednesday, May 6th. Keefe, Bruyette & Woods raised their target price on shares of Dave from $340.00 to $485.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Benchmark boosted their price target on shares of Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Weiss Ratings raised shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Citizens Jmp raised their price objective on Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $379.40.

Insider Activity at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the sale, the chief executive officer owned 299,950 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dan Preston sold 275 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value 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. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 28.48% of the company’s stock.

About Dave

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.