Andina Capital Management LLC Makes New $347,000 Investment in Dave Inc. $DAVE

Andina Capital Management LLC bought a new position in shares of Dave Inc. (NASDAQ:DAVE) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 1,996 shares of the fintech company’s stock, valued at approximately $347,000.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after acquiring an additional 65 shares in the last quarter. Prudential Financial Inc. acquired a new stake in Dave during the 2nd quarter worth approximately $324,000. Invesco Ltd. lifted its stake in Dave by 2,379.9% in the second 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 bought a new position in Dave in the second quarter valued at approximately $18,710,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Dave in the second quarter valued at approximately $402,000. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dave

In other Dave news, CEO Jason Wilk sold 8,474 shares of the company’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 sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction dated Thursday, June 4th. The shares were 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 28.48% of the company’s stock.

Dave Stock Up 2.7%

DAVE stock opened at $317.97 on Wednesday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 20.45 and a beta of 3.87. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $323.93. The business has a 50 day moving average price of $262.77 and a two-hundred day moving average price of $219.70. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data 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 company had revenue of $158.41 million for 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. Analysts anticipate that Dave Inc. will post 15.44 EPS for the current fiscal year.

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

Analyst Ratings Changes

DAVE has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Canaccord Genuity Group increased their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Weiss Ratings raised Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 11th. Keefe, Bruyette & Woods raised 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. Finally, B. Riley Financial lifted their price objective on shares of Dave from $358.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $325.40.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc. (DAVE) hit a new 52-week high, reinforcing bullish momentum and signaling that investors remain confident in the company’s growth outlook. Dave Inc. (DAVE) Hit a 52 Week High, Can the Run Continue?
• Neutral Sentiment: Most of the other headlines reference people named Dave Ramsey, Dave Canales, Dave Portnoy, or Dave Matthews Band, and do not appear to be related to Dave Inc. (DAVE) or its stock.

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.