Handelsbanken Fonder AB Purchases Shares of 1,900 Dave Inc. $DAVE

Handelsbanken Fonder AB acquired a new stake in Dave Inc. (NASDAQ:DAVE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,900 shares of the fintech company’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also modified their holdings of DAVE. Divisadero Street Capital Management LP lifted its holdings in shares of Dave by 73.1% in the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after buying an additional 390,676 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Dave by 819.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after buying an additional 186,273 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Dave in the 3rd quarter valued at about $26,726,000. Wellington Management Group LLP lifted its holdings in shares of Dave by 200.7% in the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after buying an additional 118,203 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Dave by 2,379.9% in the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after buying an additional 93,554 shares during the period. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave will be added to the S&P SmallCap 600 Index on June 1, a notable milestone that should increase institutional visibility and may create incremental demand from index-tracking funds. Dave To Join S&P SmallCap 600 Index
• Positive Sentiment: UBS initiated coverage with a buy rating and a $300 price target, reinforcing the bullish case after the stock’s strong run. UBS Initiates Coverage on Dave
• Positive Sentiment: Dave was also added to Zacks’ Rank #1 (Strong Buy) list, adding another supportive analyst signal for the fintech name. New Strong Buy Stocks for May 27th
• Neutral Sentiment: The company’s latest reported quarter was strong, with revenue up 46.7% year over year to $158.4 million and earnings beating expectations, which supports the long-term growth narrative.
• Neutral Sentiment: Recent insider sales remain a background overhang, with no insider purchases reported in the past six months, though the market appears focused more on the index inclusion and analyst upgrades today.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DAVE. Barrington Research reissued an “outperform” rating and issued a $290.00 price objective on shares of Dave in a report on Wednesday, May 20th. Lake Street Capital reissued a “buy” rating and issued a $332.00 price objective on shares of Dave in a report on Wednesday, May 6th. B. Riley Financial boosted their price objective on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Dave Stock Performance

Shares of NASDAQ:DAVE opened at $268.82 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The business’s 50 day moving average price is $226.53 and its 200-day moving average price is $210.04. The firm has a market capitalization of $3.42 billion, a PE ratio of 17.29 and a beta of 3.93. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $287.69.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The firm had revenue of $158.40 million for the quarter, compared to analyst estimates of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, equities research analysts expect that Dave Inc. will post 14.49 earnings per share for the current fiscal year.

Dave declared that its board has authorized a share buyback program on Monday, March 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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.