Dave Inc. $DAVE Shares Sold by State of Wyoming

State of Wyoming reduced its position in Dave Inc. (NASDAQ:DAVE) by 55.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,304 shares of the fintech company’s stock after selling 2,899 shares during the period. State of Wyoming’s holdings in Dave were worth $741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GK Wealth Management LLC purchased a new stake in Dave during the third quarter valued at about $34,000. Signaturefd LLC increased its stake in shares of Dave by 119.2% in the third quarter. Signaturefd LLC now owns 114 shares of the fintech company’s stock worth $37,000 after purchasing an additional 62 shares in the last quarter. Allworth Financial LP increased its stake in shares of Dave by 25.4% in the second quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock worth $53,000 after purchasing an additional 29 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Dave by 43.9% in the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after purchasing an additional 68 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Dave by 841.7% in the third quarter. Sterling Capital Management LLC now owns 339 shares of the fintech company’s stock valued at $109,000 after purchasing an additional 303 shares during the period. 18.01% of the stock is currently owned by institutional investors.

Dave Stock Down 5.4%

Shares of NASDAQ DAVE opened at $316.79 on Friday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. The company has a market cap of $4.04 billion, a P/E ratio of 20.54 and a beta of 3.92. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $458.25. The business has a 50-day simple moving average of $353.53 and a two-hundred day simple moving average of $286.37.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The company had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Research analysts anticipate that Dave Inc. will post 13.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on DAVE shares. Seaport Research Partners restated a “buy” rating and set a $422.00 price target on shares of Dave in a research note on Thursday, October 8th. UBS Group reiterated a “buy” rating on shares of Dave in a research note on Thursday, October 1st. Citizens Jmp lifted their price objective on shares of Dave from $450.00 to $475.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. Weiss Ratings cut shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Finally, Freedom Capital upgraded Dave to a “hold” rating in a research report on Thursday, July 30th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $433.25.

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.