RFG Advisory LLC Makes New $1.15 Million Investment in Dave Inc. $DAVE

RFG Advisory LLC acquired a new position in shares of Dave Inc. (NASDAQ:DAVE) in the 2nd quarter, HoldingsChannel reports. The fund acquired 3,075 shares of the fintech company’s stock, valued at approximately $1,146,000.

Several other hedge funds also recently modified their holdings of the stock. WealthCollab LLC acquired a new position in shares of Dave during the 2nd quarter valued at $30,000. National Bank of Canada FI acquired a new stake in Dave in the third quarter worth $30,000. Kestra Advisory Services LLC bought a new stake in Dave in the fourth quarter valued at $36,000. Allworth Financial LP increased its stake in Dave by 25.4% in the second quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock valued at $53,000 after purchasing an additional 29 shares in the last quarter. Finally, Harbour Investments Inc. acquired a new position in shares of Dave during the fourth quarter valued at about $66,000. Institutional investors own 18.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Freedom Capital upgraded Dave to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings lowered Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, September 2nd. Loop Capital started coverage on Dave in a report on Wednesday. They issued a “buy” rating and a $500.00 price target on the stock. Lake Street Capital reissued a “buy” rating and issued a $450.00 price objective on shares of Dave in a research note on Thursday, August 6th. Finally, Evercore began coverage on Dave in a report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective for the company. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $418.25.

Dave Trading Down 2.1%

DAVE opened at $350.71 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 4.22. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $458.25. The firm has a market capitalization of $4.48 billion, a PE ratio of 22.74 and a beta of 3.83. The company’s 50-day moving average is $377.68 and its 200 day moving average is $291.69.

Dave (NASDAQ:DAVE) last released its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The company had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, research analysts predict that Dave Inc. will post 13.71 earnings per share for the current fiscal year.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Loop Capital initiated coverage with a Buy rating and a $500 price target, implying approximately 40% upside from the cited reference price. The endorsement could support DAVE by improving analyst visibility and reinforcing the bullish outlook for the fintech’s earnings growth. Loop Capital analyst coverage
• Neutral Sentiment: A market update reported short interest of zero shares as of September 10, unchanged from the prior report. Because the figures conflict with the description of a “large increase” and produce a zero-day short-interest ratio, the data appears to be an error and offers no dependable signal for DAVE investors.
• Neutral Sentiment: Several headlines concern unrelated entities, including Dave the Diver, Dave Matthews Band, Dave Winfield, Dave East, Dave’s Hot Chicken, and Dave & Buster’s. These stories are not connected to Dave Inc. and should not affect NASDAQ:DAVE.

About Dave

Dave Inc is a financial technology company that operates a digital banking platform designed to help consumers manage everyday finances. Through its mobile application, the company provides tools intended to support budgeting, spending, saving and access to short-term funds.

Dave’s products include Dave Spending, a spending account and debit card offering, as well as budgeting and automatic savings features. Its ExtraCash product provides eligible users with access to advances intended to help manage short-term cash needs.