Whetstone Capital Advisors LLC Sells 4,800 Shares of Dave Inc. $DAVE

Whetstone Capital Advisors LLC decreased its position in shares of Dave Inc. (NASDAQ:DAVE) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 271,947 shares of the fintech company’s stock after selling 4,800 shares during the period. Dave makes up about 18.8% of Whetstone Capital Advisors LLC’s portfolio, making the stock its biggest holding. Whetstone Capital Advisors LLC’s holdings in Dave were worth $60,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DAVE. Divisadero Street Capital Management LP boosted its position in Dave by 73.1% in the third quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after buying an additional 390,676 shares in the last quarter. Vanguard Group Inc. boosted its position in Dave by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock valued at $151,852,000 after buying an additional 30,546 shares in the last quarter. Renaissance Technologies LLC boosted its position in Dave by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after buying an additional 112,700 shares in the last quarter. Geode Capital Management LLC boosted its position in Dave by 31.1% in the fourth quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock valued at $70,483,000 after buying an additional 75,576 shares in the last quarter. Finally, State Street Corp boosted its position in Dave by 10.6% in the fourth quarter. State Street Corp now owns 233,163 shares of the fintech company’s stock valued at $51,625,000 after buying an additional 22,274 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DAVE shares. Barrington Research raised their target price on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday. William Blair restated an “accumulate” rating on shares of Dave in a research report on Friday, March 13th. Weiss Ratings upgraded shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $325.40.

Dave Price Performance

Shares of NASDAQ:DAVE opened at $286.78 on Monday. The firm has a market cap of $3.64 billion, a PE ratio of 18.44 and a beta of 3.87. The firm’s fifty day moving average is $244.39 and its 200-day moving average is $214.88. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $301.19.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The company had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Sell-side analysts predict that Dave Inc. will post 14.7 earnings per share for the current year.

Dave declared that its board has initiated a stock repurchase plan on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to buy up to 11.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dan Preston sold 275 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 28.48% of the stock is currently owned by insiders.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Barrington Research raised its price target on Dave Inc. (DAVE) from $290 to $310 and reiterated an outperform rating, signaling confidence that the shares still have room to run. Barrington Research raises DAVE price target
• Positive Sentiment: Analyst and commentary pieces pointed to Dave’s 49% six-month rally, AI-driven credit quality, strong first-quarter profitability, and what some view as an attractive valuation, all of which can support continued buying interest. Zacks article on DAVE upside
• Positive Sentiment: Seeking Alpha highlighted how Dave’s CashAI underwriting, ExtraCash growth, and product expansion could drive continued earnings growth and valuation upside over time. Seeking Alpha article on CashAI and Dave
• Neutral Sentiment: An InsiderMonkey piece discussed a bullish thesis on Dave Inc., but it mostly reiterated the stock’s already-strong performance and valuation rather than providing a new catalyst. InsiderMonkey article on Dave stock

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.