4D Advisors LLC Invests $5.54 Million in Dave Inc. $DAVE

4D Advisors LLC acquired a new stake in Dave Inc. (NASDAQ:DAVE) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,000 shares of the fintech company’s stock, valued at approximately $5,535,000. Dave comprises about 3.0% of 4D Advisors LLC’s investment portfolio, making the stock its 12th biggest position.

Several other large investors also recently modified their holdings of DAVE. WealthCollab LLC bought a new position in Dave during the second quarter worth $30,000. National Bank of Canada FI bought a new stake in shares of Dave in the 3rd quarter valued at $30,000. Blue Trust Inc. increased its stake in shares of Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after acquiring an additional 79 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Dave in the 4th quarter valued at $36,000. Finally, Westend Capital Management LLC increased its stake in shares of Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after acquiring an additional 100 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DAVE has been the subject of several research analyst reports. UBS Group initiated coverage on shares of Dave in a research note on Tuesday, May 26th. They issued a “buy” rating and a $300.00 price objective for the company. 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 research note on Wednesday, May 27th. Keefe, Bruyette & Woods boosted their price target on shares of 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 boosted their price target on shares of Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Evercore started coverage on shares of Dave in a research note on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $325.40.

Insider Transactions at Dave

In other news, Director Dan Preston sold 275 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the sale, 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.

Dave Price Performance

Shares of NASDAQ:DAVE opened at $285.84 on Thursday. The company’s 50-day moving average is $251.86 and its 200 day moving average is $216.68. 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 company has a market capitalization of $3.63 billion, a P/E ratio of 18.38 and a beta of 3.87. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $318.66.

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

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

Dave News Roundup

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 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.