Dave Inc. $DAVE Shares Bought by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC grew its position in Dave Inc. (NASDAQ:DAVE) by 39.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,240 shares of the fintech company’s stock after purchasing an additional 14,760 shares during the quarter. Dave comprises approximately 5.0% of Prospect Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Prospect Capital Advisors LLC’s holdings in Dave were worth $9,094,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. WealthCollab LLC purchased a new stake in shares of Dave during the 2nd quarter valued at $30,000. National Bank of Canada FI purchased a new position in Dave during the 3rd quarter worth $30,000. Blue Trust Inc. grew its stake in Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Dave during the 4th quarter valued at about $36,000. Finally, Harbour Investments Inc. acquired a new position in Dave during the 4th quarter valued at about $66,000. 18.01% of the stock is owned by institutional investors and hedge funds.

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 transaction of $2,330,773.70. Following the completion of the sale, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction 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 sale, the director directly owned 5,466 shares in the company, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 28.48% of the company’s stock.

Dave Price Performance

NASDAQ DAVE opened at $372.69 on Friday. 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’s fifty day moving average price is $343.41 and its 200 day moving average price is $254.46. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $458.25. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 23.97 and a beta of 3.82.

Dave (NASDAQ:DAVE) last released its 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 firm had revenue of $158.41 million during the quarter, compared to the consensus estimate 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 research analysts forecast that Dave Inc. will post 15.66 earnings per share for the current year.

Wall Street Analyst Weigh In

DAVE has been the subject of several recent analyst reports. Barrington Research raised their price target on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. Benchmark upped their price objective on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Freedom Capital raised shares of Dave to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods increased their price objective on shares of Dave from $340.00 to $485.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, B. Riley Financial lifted their target price on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $379.40.

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.