Dave Inc. $DAVE Shares Acquired by Globeflex Capital L P

Globeflex Capital L P increased its stake in Dave Inc. (NASDAQ:DAVE) by 107.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,126 shares of the fintech company’s stock after buying an additional 7,845 shares during the period. Globeflex Capital L P’s holdings in Dave were worth $3,349,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Brevan Howard Capital Management LP grew its holdings in shares of Dave by 1.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after acquiring an additional 62 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Dave by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after acquiring an additional 65 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after acquiring an additional 79 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of Dave by 3.3% in the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after acquiring an additional 88 shares during the last quarter. Finally, Westend Capital Management LLC grew its holdings in shares of Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after acquiring an additional 100 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group lifted their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Citigroup restated an “outperform” rating on shares of Dave in a report on Wednesday, May 6th. Barrington Research restated an “outperform” rating and issued a $290.00 target price on shares of Dave in a report on Wednesday, May 20th. Lake Street Capital reiterated a “buy” rating and set a $332.00 price target on shares of Dave in a report on Wednesday, May 6th. Finally, Citizens Jmp lifted their price target on Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.40.

Insider Buying and Selling at Dave

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 transaction of $2,330,773.70. Following the transaction, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 28.48% of the company’s stock.

Dave Stock Performance

Shares of DAVE stock opened at $261.69 on Friday. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $293.90. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 16.83 and a beta of 3.87. The stock’s fifty day simple moving average is $232.43 and its 200-day simple moving average is $211.39.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share 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. On average, sell-side analysts predict that Dave Inc. will post 14.7 earnings per share for the current fiscal year.

Dave announced that its board has initiated a share repurchase plan on Monday, March 2nd that permits the company to buyback $300.00 million in shares. This buyback authorization permits the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are 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.