Meros Investment Management LP Invests $767.53 Million in Dave Inc. $DAVE

Meros Investment Management LP bought a new stake in Dave Inc. (NASDAQ:DAVE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,060 shares of the fintech company’s stock, valued at approximately $767,535,000.

Other large investors have also added to or reduced their stakes in the company. WealthCollab LLC purchased a new stake in Dave during the 2nd quarter worth $30,000. National Bank of Canada FI purchased a new position in Dave in the 3rd quarter valued at about $30,000. Kestra Advisory Services LLC purchased a new position in Dave in the 4th quarter valued at about $36,000. GAMMA Investing LLC grew its stake in shares of Dave by 43.9% during the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after acquiring an additional 68 shares in the last quarter. Finally, Harbour Investments Inc. acquired a new stake in shares of Dave during the fourth quarter valued at about $66,000. 18.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on DAVE shares. Benchmark boosted their price target on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Barrington Research lifted 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. Citizens Jmp upped their target price on Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a research report on Thursday, August 6th. Piper Sandler began coverage on Dave in a research note on Monday, August 17th. They set an “overweight” rating and a $390.00 target price for the company. Finally, Canaccord Genuity Group raised their price target on shares of Dave from $342.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Dave has an average rating of “Moderate Buy” and a consensus target price of $410.82.

Insider Buying and Selling

In related news, Director Dan Preston sold 275 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 23.59% of the stock is currently owned by insiders.

Dave Stock Performance

Shares of Dave stock opened at $349.47 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $458.25. The firm’s 50-day simple moving average is $370.51 and its 200-day simple moving average is $274.86. The firm has a market cap of $4.46 billion, a PE ratio of 22.66 and a beta of 3.83.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The firm had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities analysts forecast that Dave Inc. will post 13.71 earnings per share for the current fiscal year.

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.