Dave Inc. $DAVE Stock Holdings Reduced by Calamos Advisors LLC

Calamos Advisors LLC lowered its stake in Dave Inc. (NASDAQ:DAVE) by 14.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,259 shares of the fintech company’s stock after selling 6,897 shares during the quarter. Calamos Advisors LLC’s holdings in Dave were worth $12,622,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. GK Wealth Management LLC purchased a new position in shares of Dave during the 3rd quarter valued at about $34,000. Signaturefd LLC grew its stake in shares of Dave by 119.2% during the 3rd quarter. Signaturefd LLC now owns 114 shares of the fintech company’s stock valued at $37,000 after acquiring an additional 62 shares during the period. Allworth Financial LP increased its holdings in Dave by 25.4% in the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock worth $53,000 after acquiring an additional 29 shares in the last quarter. GAMMA Investing LLC increased its holdings in Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after acquiring an additional 68 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Dave by 841.7% in the 3rd quarter. Sterling Capital Management LLC now owns 339 shares of the fintech company’s stock worth $109,000 after acquiring an additional 303 shares in the last quarter. 18.01% of the stock is owned by hedge funds and other institutional investors.

Dave Price Performance

Shares of Dave stock opened at $278.59 on Friday. The stock’s 50-day simple moving average is $347.96 and its 200-day simple moving average is $289.16. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $458.25. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 22.50 and a beta of 4.07. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.71.

Dave (NASDAQ:DAVE) last released its quarterly earnings data on Wednesday, November 4th. The fintech company reported $4.39 earnings per share for the quarter, topping analysts’ consensus estimates of $4.09 by $0.30. Dave had a return on equity of 59.86% and a net margin of 28.15%. The firm had revenue of $197.70 million during the quarter, compared to analyst estimates of $191.89 million. As a group, analysts expect that Dave Inc. will post 13.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on DAVE shares. B. Riley Financial raised their target price on shares of Dave from $370.00 to $449.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Royal Bank Of Canada set a $380.00 price target on shares of Dave in a research report on Friday. Wall Street Zen raised shares of Dave from a “sell” rating to a “hold” rating in a research note on Sunday. Monness Crespi & Hardt assumed coverage on shares of Dave in a research note on Monday, October 26th. They issued a “neutral” rating for the company. Finally, Citizens Jmp raised their price objective on shares of Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a research report on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $425.69.

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 revenue and profit outlook, citing member growth, improving credit performance and expansion of its ExtraCash product. These growth and credit trends could support future results. Article: DAVE Q3 Earnings Call Highlights Higher Outlook and Credit Gains
• Negative Sentiment: Third-quarter EPS of $4.39 fell short of Zacks’ $4.45 consensus estimate. The earnings shortfall contributed to the stock’s post-report selloff despite higher revenue and raised guidance. Article: Dave Inc. Q3 Earnings Miss Estimates
• Negative Sentiment: Kirby McInerney LLP announced an investigation into potential securities-law violations or other unlawful business practices. Another law firm also announced an investigation following the November 4 disclosure. These are allegations under investigation, not findings of wrongdoing, but the announcements may add uncertainty for investors. Article: Dave, Inc. Investigation
• Negative Sentiment: JPMorgan cut its price target to $435 from $480, though it kept an Overweight rating. The shares also reportedly fell below their 200-day moving average after an analyst downgrade, a potentially bearish technical signal. Article: JPMorgan Cuts Dave Price Target

About Dave

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.