Jefferies Financial Group Inc. Buys Shares of 125,891 Dave Inc. $DAVE

Jefferies Financial Group Inc. purchased a new position in shares of Dave Inc. (NASDAQ:DAVE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 125,891 shares of the fintech company’s stock, valued at approximately $27,874,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Divisadero Street Capital Management LP grew its holdings in shares of Dave by 73.1% during the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after purchasing an additional 390,676 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Dave by 4.7% during the fourth quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock worth $151,852,000 after purchasing an additional 30,546 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Dave by 17.1% during the third quarter. American Century Companies Inc. now owns 229,693 shares of the fintech company’s stock worth $45,790,000 after purchasing an additional 33,492 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Dave by 819.3% during the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after purchasing an additional 186,273 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Dave by 200.7% during the third quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock worth $35,305,000 after purchasing an additional 118,203 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Canaccord Genuity Group boosted their price target 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 boosted their price target on Dave from $297.00 to $303.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Keefe, Bruyette & Woods lifted their target price on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Dave currently has an average rating of “Moderate Buy” and a consensus target price of $325.88.

Dave Stock Down 5.2%

Shares of NASDAQ:DAVE opened at $228.46 on Friday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.69 and a beta of 3.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The business’s 50-day moving average is $223.37 and its 200-day moving average is $209.79. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $287.69.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The company had revenue of $158.40 million for the quarter, compared to the consensus estimate 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. Equities research analysts predict that Dave Inc. will post 14.49 earnings per share for the current year.

Dave declared that its Board of Directors has initiated a share repurchase plan on Monday, March 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are 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.