Cooper Creek Partners Management LLC Purchases New Shares in Dave Inc. $DAVE

Cooper Creek Partners Management LLC acquired a new stake in Dave Inc. (NASDAQ:DAVE) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 105,193 shares of the fintech company’s stock, valued at approximately $18,313,000.

Several other large investors have also recently added to or reduced their stakes in the company. Granahan Investment Management LLC lifted its holdings in shares of Dave by 3,325.5% during the first quarter. Granahan Investment Management LLC now owns 65,462 shares of the fintech company’s stock worth $11,396,000 after buying an additional 63,551 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Dave in the first quarter valued at about $1,835,000. Sei Investments Co. boosted its position in shares of Dave by 21.4% in the first quarter. Sei Investments Co. now owns 98,435 shares of the fintech company’s stock valued at $17,135,000 after acquiring an additional 17,320 shares during the period. Globeflex Capital L P grew its stake in shares of Dave by 76.0% in the first quarter. Globeflex Capital L P now owns 26,621 shares of the fintech company’s stock valued at $4,634,000 after acquiring an additional 11,495 shares in the last quarter. Finally, State of Wyoming grew its stake in shares of Dave by 50.2% in the first quarter. State of Wyoming now owns 2,181 shares of the fintech company’s stock valued at $380,000 after acquiring an additional 729 shares in the last quarter. Institutional investors own 18.01% of the company’s stock.

Insider Transactions at Dave

In other news, Director Dan Preston sold 275 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were 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. The trade was a 4.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the company’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 transaction of $2,330,773.70. Following the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 28.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DAVE. B. Riley Financial raised their price target on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Barrington Research increased their target price on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Lake Street Capital reaffirmed a “buy” rating and set a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. Finally, Citizens Jmp lifted their price target on shares of Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $379.40.

Dave Stock Performance

NASDAQ:DAVE opened at $402.81 on Friday. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 25.90 and a beta of 3.82. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $458.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The stock has a fifty day moving average price of $328.44 and a 200-day moving average price of $249.10.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The company had revenue of $158.41 million for the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Dave Inc. will post 15.66 EPS for the current fiscal year.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc. was upgraded to a Strong Buy by Zacks, reflecting improving earnings expectations and potentially drawing more investor interest. DAVE INC (DAVE) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Analysts say Dave’s rapid growth, improving credit performance, and broader product offerings give it an edge over competitors. Toast vs. Dave: Which Fintech Disruptor Is Better for Investors Now?
• Positive Sentiment: Dave is being flagged as a candidate to beat upcoming earnings estimates again, which could reinforce the stock’s momentum if results come in strong. Will DAVE INC (DAVE) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: A report noted a sharp increase in short interest, but the data appears unreliable because it shows zero shares and a zero days-to-cover ratio, so it is unlikely to be a meaningful driver. Short Interest Update
• Neutral Sentiment: One market commentary highlighted that Dave shares have been strong year to date, but this was mostly a performance recap rather than a new catalyst. Financials Sector Catalyst Sees Dave Shares up 91% YTD

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.