Delta Global Management LP Acquires New Position in Dave Inc. $DAVE

Delta Global Management LP acquired a new stake in Dave Inc. (NASDAQ:DAVE) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,452 shares of the fintech company’s stock, valued at approximately $543,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DAVE. JPMorgan Chase & Co. raised its stake in Dave by 0.7% in 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 during the period. Prudential Financial Inc. purchased a new position in Dave in the 2nd quarter valued at approximately $324,000. Invesco Ltd. grew its stake in 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 in the last quarter. First Trust Advisors LP purchased a new position in Dave in the 2nd quarter valued at approximately $18,710,000. Finally, Cresset Asset Management LLC purchased a new position in Dave in the 2nd quarter valued at approximately $402,000. 18.01% of the stock is currently owned by institutional investors.

Dave Price Performance

DAVE stock opened at $298.52 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $318.66. The firm’s fifty day moving average is $249.63 and its 200 day moving average is $216.17. The firm has a market cap of $3.79 billion, a P/E ratio of 19.20 and a beta of 3.87.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.41 million during the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Research analysts predict that Dave Inc. will post 14.7 earnings per share for the current year.

Dave declared that its Board of Directors has approved a stock 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 usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on DAVE. Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Citigroup restated an “outperform” rating on shares of Dave in a research note on Wednesday, May 6th. Barrington Research increased their target price on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. William Blair reiterated an “accumulate” rating on shares of Dave in a research note on Friday, March 13th. Finally, UBS Group began coverage on shares of Dave in a research note on Tuesday, May 26th. They issued a “buy” rating and a $300.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $325.40.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted Dave Inc. (DAVE) as trading below its industry P/E average despite nearly 80% return on equity, strong margins, low debt, and rising member growth, suggesting the market may be underestimating earnings power. Article Title
• Positive Sentiment: DAVE was also named among “relative price strength winners,” with the article citing firmer market sentiment and positive earnings estimate revisions as tailwinds. Article Title
• Positive Sentiment: Another Zacks piece listed Dave Inc. (DAVE) among high-flying tech services stocks with double-digit year-to-date gains, reinforcing the stock’s momentum story. Article Title

Insider Buying and Selling

In other Dave news, Director Dan Preston sold 275 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This represents a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the transaction, the chief executive officer directly 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 SEC filing for this sale provides additional information. Corporate insiders own 28.48% of the company’s stock.

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.