Dave Inc. $DAVE Stock Holdings Lifted by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Dave Inc. (NASDAQ:DAVE) by 131.9% in the first quarter, Holdings Channel.com reports. The fund owned 3,107 shares of the fintech company’s stock after buying an additional 1,767 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dave were worth $541,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DAVE. WealthCollab LLC acquired a new position in shares of Dave in the 2nd quarter worth $30,000. National Bank of Canada FI purchased a new stake in shares of Dave during the third quarter valued at $30,000. Blue Trust Inc. boosted its position in shares of Dave by 106.8% in 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 period. Kestra Advisory Services LLC acquired a new position in shares of Dave in the 4th quarter valued at $36,000. Finally, Westend Capital Management LLC increased its stake in Dave by 100.0% in the 4th 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 owned by institutional investors.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: UBS Group raised its price target on Dave Inc. to $470 from $300 and kept a Buy rating, reinforcing a bullish view after the stock’s strong run. Benzinga
• Positive Sentiment: Investors also appear to be responding to prior company updates around leadership and funding strategy, including a new CTO appointment and the transition of ExtraCash originations to Coastal Community Bank, which could improve liquidity and lower funding costs.
• Positive Sentiment: The stock has been benefiting from momentum tied to strong recent operating results, including revenue growth and improving credit quality, while elevated short interest may be amplifying gains as buyers step in.

Dave Stock Up 5.1%

NASDAQ:DAVE opened at $438.19 on Thursday. The business’s fifty day moving average price is $302.68 and its 200 day moving average price is $239.20. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 28.18 and a beta of 3.82. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $442.82.

Dave (NASDAQ:DAVE) last announced 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. Dave had a return on equity of 77.70% and a net margin of 37.22%.The firm had revenue of $158.41 million during the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, sell-side analysts forecast that Dave Inc. will post 15.45 earnings per share for the current fiscal year.

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 shares were sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barrington Research boosted their price objective on Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Friday, June 12th. UBS Group lifted their target price on shares of Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings lowered shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Citigroup restated an “outperform” rating on shares of Dave in a research report on Thursday, July 9th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $332.00 price objective on shares of Dave in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $379.40.

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.