Dave Inc. $DAVE Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 269.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,800 shares of the fintech company’s stock after buying an additional 3,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Dave were worth $1,063,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthCollab LLC acquired a new stake in shares of Dave during the 2nd quarter worth about $30,000. National Bank of Canada FI acquired a new stake in shares of Dave during the 3rd quarter worth about $30,000. Blue Trust Inc. raised 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 worth $34,000 after acquiring an additional 79 shares in the last quarter. Westend Capital Management LLC raised 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 worth $44,000 after acquiring an additional 100 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Dave by 228.2% during the 4th quarter. Comerica Bank now owns 384 shares of the fintech company’s stock worth $85,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Wall Street Analysts Forecast Growth

DAVE has been the topic of several research analyst reports. Lake Street Capital reissued a “buy” rating and set a $332.00 target price on shares of Dave in a research report on Wednesday, May 6th. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th. Barrington Research reaffirmed an “outperform” rating and set a $290.00 price target on shares of Dave in a research report on Monday, May 4th. Wall Street Zen lowered Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Dave in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Dave has a consensus rating of “Moderate Buy” and an average price target of $325.88.

Dave Trading Up 0.6%

NASDAQ:DAVE opened at $235.79 on Friday. The firm has a market cap of $3.00 billion, a P/E ratio of 15.16 and a beta of 3.93. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The stock’s 50 day simple moving average is $221.62 and its 200-day simple moving average is $209.94. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $287.69.

Dave (NASDAQ:DAVE) last released its earnings results 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 business had revenue of $158.40 million for the quarter, compared to analyst estimates 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. Equities analysts anticipate that Dave Inc. will post 14.49 EPS for the current year.

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

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.