Royal Bank of Canada Has $1.84 Million Stock Holdings in Dave Inc. $DAVE

Royal Bank of Canada boosted its position in Dave Inc. (NASDAQ:DAVE) by 182.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,590 shares of the fintech company’s stock after acquiring an additional 6,845 shares during the period. Royal Bank of Canada’s holdings in Dave were worth $1,844,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DAVE. WealthCollab LLC bought a new stake in Dave during the 2nd quarter worth about $30,000. National Bank of Canada FI bought a new position in shares of Dave in the 3rd quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new stake in shares of Dave during the 4th quarter worth approximately $36,000. Harbour Investments Inc. bought a new stake in shares of Dave during the fourth quarter worth approximately $66,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of Dave during the fourth quarter worth approximately $84,000. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Dan Preston sold 275 shares of the 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 completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jason Wilk sold 8,474 shares of the firm’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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Dave from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. UBS Group increased their price target on Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. B. Riley Financial raised their price target on Dave from $370.00 to $449.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Barrington Research lifted their price objective on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. Finally, Citizens Jmp upped their price objective on Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $410.82.

Dave Price Performance

DAVE opened at $333.14 on Wednesday. The stock has a market cap of $4.25 billion, a P/E ratio of 21.60 and a beta of 3.83. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $458.25. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $364.74 and a 200 day simple moving average of $268.55.

Dave (NASDAQ:DAVE) last posted its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%.The business had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, research analysts expect that Dave Inc. will post 13.89 EPS for the current year.

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.