Pictet Asset Management Holding SA Raises Position in Dave Inc. $DAVE

Pictet Asset Management Holding SA increased its stake in Dave Inc. (NASDAQ:DAVE) by 372.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,841 shares of the fintech company’s stock after buying an additional 4,604 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Dave were worth $1,293,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Brevan Howard Capital Management LP lifted its position in Dave by 1.6% during the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $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. raised its stake in shares of Dave by 106.8% during the fourth 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 period. Arizona State Retirement System raised its stake in shares of Dave by 3.3% during the third 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 period. Finally, Westend Capital Management LLC lifted its position in shares of Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q1 results materially beat expectations: Dave reported $3.64 EPS vs. $2.86 consensus and revenue of $158.4M vs. $153.7M, showing strong top- and bottom-line outperformance that supports the company’s profitability story. Dave Inc. (DAVE) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised FY2026 guidance well above Street expectations (EPS guidance 16.25–16.75 vs. ~14.42 consensus; revenue guide ~$710–720M vs. ~$698M consensus), which signals confidence in continued profit growth. (Guidance disclosed in the company’s Q1 release.) Dave Reports First Quarter 2026 Financial Results
• Positive Sentiment: Capital return and balance-sheet actions: the company deployed about $195M to repurchase shares (~7% of outstanding), which reduces float and can support EPS and the share price over time. Dave Reports First Quarter 2026 Financial Results
• Positive Sentiment: Analyst support: brokers have been raising targets and maintaining outperform ratings (Keefe, Bruyette & Woods raised its target; Barrington reaffirmed an outperform), which can provide directional support if guidance execution continues. Keefe Bruyette & Woods raises DAVE price target Barrington Research reaffirmation
• Neutral Sentiment: Company materials and investor resources (conference call, slide deck, press release) are available for deeper diligence — useful for verifying assumptions behind the raised guidance and buyback size. Press Release / Slide Deck Listen to Conference Call
• Negative Sentiment: Share price is down today despite the beat and guide raise — likely drivers include profit-taking after recent gains, high stock volatility (beta ~3.9), and short-term rotation; elevated expectations from the new guidance could also set up disappointment risk if execution slips. No single article — market reaction/volume-driven.

Analysts Set New Price Targets

A number of research firms recently weighed in on DAVE. UBS Group reaffirmed a “neutral” rating on shares of Dave in a report on Friday, March 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dave in a report on Friday, April 24th. Barrington Research reissued an “outperform” rating and issued a $290.00 price objective on shares of Dave in a research report on Monday. Citizens Jmp lifted their target price on Dave from $310.00 to $335.00 and gave the stock a “market outperform” rating in a research report on Friday, April 10th. Finally, Lake Street Capital boosted their price target on Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $319.63.

Dave Price Performance

NASDAQ DAVE opened at $263.81 on Wednesday. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 19.54 and a beta of 3.93. Dave Inc. has a 12 month low of $102.11 and a 12 month high of $287.69. The company’s fifty day moving average price is $212.77 and its two-hundred day moving average price is $208.70.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, May 5th. The fintech company reported $4.02 earnings per share for the quarter, topping the consensus estimate of $2.86 by $1.16. The company had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 35.35% and a return on equity of 67.04%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, analysts anticipate that Dave Inc. will post 13.03 EPS for the current year.

Dave announced that its Board of Directors has initiated a stock buyback plan on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to buy up to 11.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.