Mangrove Partners IM LLC Takes Position in Dave Inc. $DAVE

Mangrove Partners IM LLC acquired a new stake in shares of Dave Inc. (NASDAQ:DAVE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,748 shares of the fintech company’s stock, valued at approximately $1,051,000.

A number of other large investors have also recently made changes to their positions in DAVE. WealthCollab LLC purchased a new stake in shares of Dave during the second quarter valued at $30,000. National Bank of Canada FI purchased a new stake in shares of Dave during the third quarter valued at $30,000. Blue Trust Inc. grew its holdings in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after buying an additional 79 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Dave during the fourth quarter valued at $36,000. Finally, Westend Capital Management LLC grew its holdings in shares of Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after buying an additional 100 shares during the last quarter. 18.01% of the stock is owned by hedge funds and other institutional investors.

Dave Stock Down 3.3%

DAVE stock opened at $298.52 on Wednesday. The firm has a 50-day moving average of $249.63 and a two-hundred day moving average of $216.17. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 19.20 and a beta of 3.87. 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 Inc. has a 12 month low of $152.21 and a 12 month high of $318.66.

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

Dave declared that its Board of Directors has approved a stock buyback plan on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at Dave

In other Dave news, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dan Preston sold 275 shares of the firm’s stock in a transaction that occurred 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 directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This represents a 4.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DAVE. UBS Group began coverage on shares of Dave in a report on Tuesday, May 26th. They set a “buy” rating and a $300.00 price objective on the stock. Weiss Ratings raised shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, June 11th. Citizens Jmp upped their price target on shares of Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Citigroup reiterated an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.40.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted Dave Inc. (DAVE) as trading below its industry P/E average despite nearly 80% return on equity, strong margins, low debt, and rising member growth, suggesting the market may be underestimating earnings power. Article Title
• Positive Sentiment: DAVE was also named among “relative price strength winners,” with the article citing firmer market sentiment and positive earnings estimate revisions as tailwinds. Article Title
• Positive Sentiment: Another Zacks piece listed Dave Inc. (DAVE) among high-flying tech services stocks with double-digit year-to-date gains, reinforcing the stock’s momentum story. Article Title

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.