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

Globeflex Capital L P raised its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 107.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,126 shares of the fintech company’s stock after acquiring an additional 7,845 shares during the period. Globeflex Capital L P owned approximately 0.11% of Dave worth $3,349,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DAVE. JPMorgan Chase & Co. raised its stake in Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares in the last quarter. Prudential Financial Inc. bought a new stake in Dave during the 2nd quarter valued at $324,000. Invesco Ltd. raised its stake in Dave by 2,379.9% during the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after acquiring an additional 93,554 shares in the last quarter. First Trust Advisors LP bought a new stake in Dave during the 2nd quarter valued at $18,710,000. Finally, Cresset Asset Management LLC bought a new stake in Dave during the 2nd quarter valued at $402,000. Institutional investors own 18.01% of the company’s stock.

Insider Activity at Dave

In other news, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. The trade was a 2.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 28.48% of the company’s stock.

Dave Stock Up 5.0%

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

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping 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 company 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, equities analysts predict that Dave Inc. will post 14.7 EPS for the current fiscal year.

Dave announced that its board has approved a share buyback program on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DAVE shares. Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. B. Riley Financial lifted their target price on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Keefe, Bruyette & Woods lifted their target price on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. Canaccord Genuity Group lifted their target price on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Benchmark reaffirmed a “buy” rating on shares of Dave in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.40.

Dave Company Profile

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.