Dave Inc. $DAVE Shares Purchased by Globeflex Capital L P

Globeflex Capital L P raised its stake in shares of Dave Inc. (NASDAQ:DAVE) by 76.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,621 shares of the fintech company’s stock after acquiring an additional 11,495 shares during the quarter. Globeflex Capital L P’s holdings in Dave were worth $4,634,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. WealthCollab LLC bought a new stake in shares of Dave in the 2nd quarter worth about $30,000. National Bank of Canada FI bought a new position in shares of Dave during the third quarter worth about $30,000. Blue Trust Inc. lifted its position in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Dave in the fourth quarter worth about $36,000. Finally, Westend Capital Management LLC grew its stake in Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. 18.01% of the stock is owned by institutional investors and hedge funds.

Dave Stock Performance

Shares of NASDAQ DAVE opened at $423.66 on Thursday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The firm’s 50-day moving average price is $321.61 and its two-hundred day moving average price is $246.68. Dave Inc. has a 52-week low of $152.21 and a 52-week high of $458.25. The stock has a market capitalization of $5.38 billion, a P/E ratio of 27.25 and a beta of 3.82.

Dave (NASDAQ:DAVE) last posted its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating the consensus estimate of $2.86 by $0.78. The company had revenue of $158.41 million during the quarter, compared to analyst estimates of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, sell-side analysts forecast that Dave Inc. will post 15.45 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Canaccord Genuity Group boosted their price objective on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Benchmark increased their target price on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. B. Riley Financial lifted their target price on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Lake Street Capital reiterated a “buy” rating and issued a $332.00 price target on shares of Dave in a report on Wednesday, May 6th. Finally, Citizens Jmp upped their price target on Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $379.40.

Insider Buying and Selling at Dave

In other Dave news, Director Dan Preston sold 275 shares of the stock in a transaction 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 sale, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.48% of the stock is owned by company insiders.

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.