FNY Investment Advisers LLC Acquires New Holdings in Dave Inc. $DAVE

FNY Investment Advisers LLC bought a new stake in Dave Inc. (NASDAQ:DAVE) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the fintech company’s stock, valued at approximately $745,000.

Other large investors have also added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its position in shares of Dave by 92.3% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 8,273 shares of the fintech company’s stock worth $1,440,000 after buying an additional 3,971 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Dave by 372.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock worth $1,293,000 after acquiring an additional 4,604 shares in the last quarter. Strs Ohio raised its stake in shares of Dave by 1,400.0% during the 4th quarter. Strs Ohio now owns 4,500 shares of the fintech company’s stock worth $996,000 after acquiring an additional 4,200 shares in the last quarter. Inspire Investing LLC purchased a new stake in Dave during the first quarter valued at approximately $1,371,000. Finally, Estuary Capital Management LP purchased a new stake in Dave during the first quarter valued at approximately $20,556,000. 18.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DAVE. Citizens Jmp raised their target price on shares of Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a research note on Thursday. B. Riley Financial increased their price objective on Dave from $370.00 to $449.00 and gave the company a “buy” rating in a report on Thursday. Freedom Capital raised Dave to a “hold” rating in a research report on Thursday, July 30th. Benchmark boosted their target price on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $412.90.

Insider Buying and Selling at Dave

In other news, CEO Jason Wilk sold 8,474 shares of the business’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 transaction, the chief executive officer directly owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dan Preston sold 275 shares of the firm’s stock in a transaction dated 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 owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 23.59% of the stock is owned by corporate insiders.

Dave Stock Down 15.1%

DAVE stock opened at $365.26 on Friday. The stock has a market capitalization of $4.64 billion, a PE ratio of 23.69 and a beta of 3.83. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $458.25. 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 has a 50 day moving average of $355.83 and a 200 day moving average of $260.65.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The company had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 72.34%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Sell-side analysts forecast that Dave Inc. will post 15.66 earnings per share for the current year.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 outlook to revenue of $725 million-$735 million and adjusted diluted EPS of $17.00-$17.50, above analyst estimates of approximately $714.7 million and $16.36, respectively. Management expects growth from CashAI v6, higher ExtraCash limits and increased second-half marketing. Dave raises 2026 guidance
• Positive Sentiment: Second-quarter revenue grew 30% year over year to $170.8 million, while adjusted EBITDA rose 48% to $75.5 million, representing a 44% margin. ExtraCash originations increased 27% to $2.3 billion, and the 28-day delinquency rate improved to 2.12%. Dave second-quarter financial results
• Positive Sentiment: Analysts became more bullish following the update. B. Riley raised its price target to $449 and Keefe, Bruyette & Woods increased its target to $490; Citizens JMP lifted its target to $475. All three firms maintained positive ratings. Analyst price-target changes
• Neutral Sentiment: Reported EPS figures varied depending on the accounting measure: Dave posted $0.49 in GAAP EPS, affected by $36.9 million of non-cash warrant and earnout remeasurement charges, while adjusted EPS was reported by Zacks at $4.12 versus a $3.69 consensus estimate. This difference may have contributed to investor uncertainty. Dave Q2 earnings report
• Negative Sentiment: Despite improving credit performance and profitability, the GAAP EPS result was well below some published consensus estimates. Dave is also increasing marketing spending in the second half, which could raise near-term expenses and heighten execution risk. With the stock trading at a premium valuation, investors may have taken profits after the earnings release.

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.