Federated Hermes Inc. Sells 4,842 Shares of Dave Inc. $DAVE

Federated Hermes Inc. lessened its position in Dave Inc. (NASDAQ:DAVE) by 95.4% in the 3rd quarter, Holdings Channel reports. The firm owned 234 shares of the fintech company’s stock after selling 4,842 shares during the period. Federated Hermes Inc.’s holdings in Dave were worth $47,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. WealthCollab LLC bought a new position in shares of Dave during the second quarter worth $30,000. Nisa Investment Advisors LLC raised its stake in Dave by 4,933.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock worth $41,000 after buying an additional 148 shares during the period. Exchange Traded Concepts LLC bought a new position in Dave during the third quarter worth about $47,000. Team Financial Group LLC acquired a new position in Dave in the third quarter valued at about $54,000. Finally, KBC Group NV acquired a new position in Dave in the second quarter valued at about $85,000. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAVE has been the topic of a number of research analyst reports. B. Riley Financial reaffirmed a “buy” rating and set a $297.00 price target (up previously from $277.00) on shares of Dave in a research report on Wednesday, November 5th. Citigroup restated an “outperform” rating on shares of Dave in a report on Wednesday, November 5th. William Blair initiated coverage on shares of Dave in a research note on Monday. They issued an “outperform” rating on the stock. Benchmark reissued a “buy” rating on shares of Dave in a research report on Tuesday, January 13th. Finally, Barrington Research restated an “outperform” rating and set a $290.00 price objective on shares of Dave in a report on Monday, November 3rd. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $304.25.

Insider Activity

In related news, Director Imran Khan sold 1,146 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $204.00, for a total transaction of $233,784.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Wilk sold 7,393 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $203.77, for a total value of $1,506,471.61. Following the completion of the transaction, the chief executive officer owned 210,461 shares of the company’s stock, valued at approximately $42,885,637.97. This represents a 3.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 105,164 shares of company stock worth $20,700,863 over the last three months. Insiders own 28.48% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: New analyst coverage: Keefe, Bruyette & Woods started covering DAVE with an “Outperform” rating, adding institutional attention that can support the share price. Zacks Coverage Note
• Positive Sentiment: Consensus/analyst tone is constructive — DAVE is reported to have an average recommendation of “Moderate Buy,” which reinforces demand from buy-side analysts. Analyst Consensus
• Positive Sentiment: Earnings-beat history and outlook: Zacks highlights that DAVE has a strong history of earnings surprises and the signals point toward another potential beat in the next report — a catalyst that often lifts fintech names. Zacks Earnings Preview
• Positive Sentiment: Fundamental/valuation commentary: Coverage pieces note strong member growth, improvements in credit quality driven by CashAI, margin expansion and a valuation below peers — factors supporting longer-term upside. Valuation & Growth Note
• Positive Sentiment: Investor-research view: Dave appears on lists of oversold/value opportunities, which can attract value-oriented buyers if earnings and member metrics remain strong. InsiderMonkey Coverage
• Neutral Sentiment: Short-interest data appears to be a reporting anomaly (the entry reports a “large increase” but shows 0 shares and NaN changes). No clear short-pressure signal is present from this report — treat the data as unreliable until confirmed by an exchange-level update.
• Negative Sentiment: Technical and liquidity headwinds: DAVE is trading below both its 50-day ($201.27) and 200-day ($209.88) moving averages and current volume is below the stock’s average, which can limit momentum and leave the stock vulnerable to downside on negative news.
• Negative Sentiment: Higher volatility/risk profile: The stock’s beta is high (~3.9), meaning larger swings versus the market; investors should account for elevated risk even as analyst coverage turns positive.

Dave Stock Performance

Shares of DAVE stock opened at $185.53 on Wednesday. Dave Inc. has a 12 month low of $65.46 and a 12 month high of $286.45. The company’s fifty day simple moving average is $201.27 and its 200-day simple moving average is $209.88. The firm has a market cap of $2.50 billion, a PE ratio of 18.39 and a beta of 3.89. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26.

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.