UBS Group AG Grows Position in Dave Inc. $DAVE

UBS Group AG boosted its stake in Dave Inc. (NASDAQ:DAVE) by 18.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 69,669 shares of the fintech company’s stock after buying an additional 11,025 shares during the quarter. UBS Group AG’s holdings in Dave were worth $15,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brevan Howard Capital Management LP raised its position in Dave by 1.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock valued at $767,000 after buying an additional 62 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 65 shares during the last quarter. Blue Trust Inc. increased its position in shares of Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares during the last quarter. Arizona State Retirement System increased its position in shares of Dave by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock valued at $556,000 after purchasing an additional 88 shares during the last quarter. Finally, Westend Capital Management LLC increased its position in shares of Dave by 100.0% during the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. 18.01% of the stock is owned by hedge funds and other institutional investors.

Dave Stock Down 0.9%

DAVE stock opened at $240.07 on Thursday. 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 $3.26 billion, a price-to-earnings ratio of 15.44 and a beta of 3.93. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $287.69. The stock has a fifty day moving average of $220.60 and a 200-day moving average of $209.86.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.78. The company had revenue of $158.40 million during the quarter, compared to the consensus estimate 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 predict that Dave Inc. will post 13.03 earnings per share for the current year.

Dave declared that its board has authorized a stock repurchase program 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 stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citizens Jmp raised their target price on Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 6th. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. B. Riley Financial raised their target price on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. William Blair reaffirmed an “accumulate” rating on shares of Dave in a research report on Friday, March 13th. Finally, Keefe, Bruyette & Woods raised their target price on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $325.88.

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.