SG Americas Securities LLC Reduces Stake in Dave Inc. $DAVE

SG Americas Securities LLC lessened its holdings in Dave Inc. (NASDAQ:DAVE) by 11.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 78,001 shares of the fintech company’s stock after selling 10,551 shares during the period. SG Americas Securities LLC’s holdings in Dave were worth $13,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DAVE. WealthCollab LLC acquired a new stake in Dave during the 2nd quarter valued at approximately $30,000. National Bank of Canada FI purchased a new position in shares of Dave during the third quarter worth $30,000. Blue Trust Inc. raised its holdings in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Dave during the fourth quarter worth $36,000. Finally, Westend Capital Management LLC lifted its position in Dave by 100.0% during the fourth 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 period. 18.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Jason Wilk sold 8,474 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares in the company, valued at $1,353,654.90. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 28.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DAVE shares. Keefe, Bruyette & Woods upped their price target on shares of Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Canaccord Genuity Group raised their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. B. Riley Financial raised their target price on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Benchmark cut Dave from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Barrington Research boosted their price target on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $325.40.

Dave Price Performance

Shares of Dave stock opened at $348.71 on Friday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $353.02. The business has a 50-day moving average price of $269.89 and a 200 day moving average price of $222.20. The firm has a market cap of $4.43 billion, a PE ratio of 22.43 and a beta of 3.87.

Dave (NASDAQ:DAVE) last released its quarterly 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 company had revenue of $158.41 million during the quarter, compared to analysts’ expectations 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. Sell-side analysts predict that Dave Inc. will post 15.44 earnings per share for the current fiscal year.

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

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.