LTS Liquid Investments LLC Invests $834,000 in Dave Inc. $DAVE

LTS Liquid Investments LLC purchased a new position in Dave Inc. (NASDAQ:DAVE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,768 shares of the fintech company’s stock, valued at approximately $834,000. Dave accounts for 0.8% of LTS Liquid Investments LLC’s holdings, making the stock its 7th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthCollab LLC purchased a new stake in shares of Dave in the second quarter worth approximately $30,000. National Bank of Canada FI purchased a new position in Dave during the 3rd quarter worth $30,000. Blue Trust Inc. increased its holdings 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 purchasing an additional 79 shares during the period. Westend Capital Management LLC increased its holdings in Dave by 100.0% during the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares during the period. Finally, Harbour Investments Inc. purchased a new position in Dave during the 4th quarter worth $66,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jason Wilk sold 8,474 shares of Dave 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 directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 28.48% of the company’s stock.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Seeking Alpha highlighted Dave’s improving fundamentals, citing strong Q1 growth, expanding margins, better credit quality, and aggressive buybacks. The note reiterated a Strong Buy view and a $350 price target, which supports the bullish case for DAVE. Dave: Credit Quality Keeps Improving As Earnings Surge
• Positive Sentiment: Zacks noted that DAVE has been outperforming peers this year and that analyst price targets imply meaningful upside, reinforcing expectations that the stock can continue to outperform if momentum holds. Wall Street Analysts Believe DAVE INC (DAVE) Could Rally 30.64%
• Neutral Sentiment: Coverage comparing DAVE with business-services peers was mainly a performance check-in and did not add a clear new catalyst for the stock. Is DAVE INC (DAVE) Stock Outpacing Its Business Services Peers This Year?
• Negative Sentiment: Jason Wilk sold 8,474 shares of Dave stock at an average price of $275.05, a move that can weigh on sentiment because insiders typically sell for many reasons, but large CEO sales are often read as a caution signal by investors. Insider Selling: Dave (NASDAQ:DAVE) CEO Sells 8,474 Shares of Stock

Wall Street Analyst Weigh In

DAVE has been the topic of several research reports. Keefe, Bruyette & Woods raised their price objective on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Evercore initiated coverage on Dave in a report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective on the stock. Weiss Ratings upgraded Dave from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Barrington Research restated an “outperform” rating and set a $290.00 price objective on shares of Dave in a report on Wednesday, May 20th. Finally, Canaccord Genuity Group raised their price objective on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Dave Stock Performance

Shares of NASDAQ:DAVE opened at $258.25 on Monday. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $293.90. The business’s fifty day simple moving average is $233.97 and its 200-day simple moving average is $211.84. The company has a market capitalization of $3.28 billion, a PE ratio of 16.61 and a beta of 3.87. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (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 business had revenue of $158.41 million for the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, equities research analysts predict that Dave Inc. will post 14.7 earnings per share for the current fiscal year.

Dave declared that its Board of Directors has initiated a share buyback plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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.