One Capital Management LLC Acquires Shares of 9,280 Dave Inc. $DAVE

One Capital Management LLC acquired a new stake in Dave Inc. (NASDAQ:DAVE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,280 shares of the fintech company’s stock, valued at approximately $2,055,000.

Several other large investors also recently bought and sold shares of the company. Brevan Howard Capital Management LP grew its position in Dave by 1.6% in the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock valued at $767,000 after acquiring an additional 62 shares in the last quarter. JPMorgan Chase & Co. grew its position in Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares in the last quarter. Blue Trust Inc. grew its position in Dave by 106.8% in the fourth 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. Arizona State Retirement System grew its position in Dave by 3.3% in the third quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock valued at $556,000 after acquiring an additional 88 shares in the last quarter. Finally, Westend Capital Management LLC grew its position in Dave by 100.0% in the fourth 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. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Stock Performance

Dave stock opened at $266.83 on Wednesday. The company has a market cap of $3.39 billion, a PE ratio of 17.16 and a beta of 3.87. The company has a fifty day moving average price of $229.50 and a two-hundred day moving average price of $210.58. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $293.90.

Dave (NASDAQ:DAVE) last released its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS 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 the consensus estimate 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. Research analysts expect that Dave Inc. will post 14.7 earnings per share for the current year.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on DAVE shares. Evercore started coverage on shares of Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target for the company. Wall Street Zen downgraded shares of Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. 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 report on Monday, May 4th. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th. Finally, Lake Street Capital reissued a “buy” rating and set a $332.00 price target on shares of Dave in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

About Dave

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.