UBS Group AG Acquires 11,025 Shares of Dave Inc. $DAVE

UBS Group AG grew its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 18.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,669 shares of the fintech company’s stock after buying an additional 11,025 shares during the period. UBS Group AG owned approximately 0.52% of Dave worth $15,425,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of DAVE. WealthCollab LLC bought a new position in shares of Dave in the 2nd quarter worth $30,000. National Bank of Canada FI bought a new position in shares of Dave in the 3rd quarter worth $30,000. Blue Trust Inc. lifted its holdings in shares of Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares in the last quarter. Westend Capital Management LLC lifted its holdings in shares of 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. Finally, State of Alaska Department of Revenue bought a new position in shares of Dave in the 3rd quarter worth $97,000. 18.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DAVE has been the topic of a number of recent research reports. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Lake Street Capital reiterated a “buy” rating and issued a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. UBS Group reiterated a “neutral” rating on shares of Dave in a report on Friday, March 13th. Citizens Jmp increased their target price on Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Dave from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $325.88.

Dave Trading Down 0.9%

NASDAQ DAVE opened at $240.07 on Thursday. The firm has a market capitalization of $3.26 billion, a P/E ratio of 15.44 and a beta of 3.93. The business has a fifty day simple moving average of $220.60 and a 200 day simple moving average of $209.86. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $287.69. 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 (NASDAQ:DAVE) last released its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.40 million during the quarter, compared to analyst estimates 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. On average, analysts predict that Dave Inc. will post 13.03 EPS for the current fiscal year.

Dave announced that its board has approved a share repurchase plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Dave Company 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.