Boothbay Fund Management LLC Has $8.35 Million Position in Dave Inc. $DAVE

Boothbay Fund Management LLC boosted its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,731 shares of the fintech company’s stock after buying an additional 2,184 shares during the period. Boothbay Fund Management LLC owned about 0.28% of Dave worth $8,354,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. WealthCollab LLC acquired a new stake in Dave during the second quarter worth $30,000. National Bank of Canada FI acquired a new stake in Dave during the third quarter worth $30,000. Blue Trust Inc. boosted its stake in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Dave during the fourth quarter worth $36,000. Finally, Westend Capital Management LLC boosted its stake in Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted that Dave trades below the industry P/E average despite strong profitability metrics, including nearly 80% return on equity, healthy margins, low debt, and rising member growth, suggesting the stock could still be undervalued. Article Title
• Neutral Sentiment: Other articles in the feed focus on unrelated personal finance commentary from Dave Ramsey and non-material stories about Dave & Buster’s, which are not directly relevant to Dave Inc.’s stock. Article Title
• Negative Sentiment: Benchmark’s downgrade from strong-buy to hold is the clearest negative catalyst in the news flow and likely a key reason investors are selling the stock today. Read More: Read More.

Dave Stock Down 4.2%

Shares of NASDAQ DAVE opened at $285.84 on Thursday. The stock has a market cap of $3.63 billion, a PE ratio of 18.38 and a beta of 3.87. The business has a fifty day moving average of $251.86 and a two-hundred day moving average of $216.68. Dave Inc. has a 52-week low of $152.21 and a 52-week high of $318.66. 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 (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The company had revenue of $158.41 million during the quarter, compared to analysts’ expectations 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 14.7 earnings per share for the current fiscal year.

Dave declared that its board has initiated a share buyback plan on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Dave news, Director Dan Preston sold 275 shares of Dave stock in a transaction 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 directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer directly 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 ownership of the stock. The SEC filing for this sale provides additional information. 28.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DAVE has been the topic of a number of recent research reports. Barrington Research lifted their price target 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. Citizens Jmp lifted their price target on shares of Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their price target on shares of Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Canaccord Genuity Group lifted their price target on shares of Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, William Blair reiterated an “accumulate” rating on shares of Dave in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Dave presently has a consensus rating of “Moderate Buy” and an average target price of $325.40.

Dave 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.