Pictet Asset Management Holding SA Sells 4,162 Shares of Dave Inc. $DAVE

Pictet Asset Management Holding SA cut its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 71.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,679 shares of the fintech company’s stock after selling 4,162 shares during the period. Pictet Asset Management Holding SA’s holdings in Dave were worth $292,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DAVE. SG Americas Securities LLC boosted its position in Dave by 2,267.1% during the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after purchasing an additional 84,811 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in shares of Dave in the third quarter worth $1,826,000. Azora Capital LP lifted its stake in shares of Dave by 87.9% during the third quarter. Azora Capital LP now owns 133,242 shares of the fintech company’s stock worth $26,562,000 after buying an additional 62,318 shares during the period. Granahan Investment Management LLC acquired a new position in shares of Dave in the 3rd quarter valued at $2,400,000. Finally, Strs Ohio lifted its position in Dave by 1,400.0% during the 4th quarter. Strs Ohio now owns 4,500 shares of the fintech company’s stock worth $996,000 after acquiring an additional 4,200 shares during the period. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DAVE. Canaccord Genuity Group upped their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. UBS Group began coverage on shares of Dave in a report on Tuesday, May 26th. They issued a “buy” rating and a $300.00 price target for the company. Weiss Ratings lowered shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Evercore began coverage on Dave in a research note on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective for the company. Finally, Lake Street Capital reissued a “buy” rating and issued a $332.00 target price on shares of Dave in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $346.90.

Dave Trading Up 2.7%

Dave stock traded up $10.61 during midday trading on Friday, hitting $400.75. 287,100 shares of the stock were exchanged, compared to its average volume of 591,931. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The stock’s 50-day simple moving average is $293.43 and its 200 day simple moving average is $235.08. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $409.00. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 25.77 and a beta of 3.82.

Dave (NASDAQ:DAVE) last released its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The business had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities analysts anticipate that Dave Inc. will post 15.45 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jason Wilk sold 8,474 shares of the firm’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 sale, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the transaction, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 28.48% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Citizens JMP raised its price target on Dave Inc. to $450 from $365 and reiterated a Market Outperform rating, implying further upside from current levels. Benzinga report on price target increase
• Positive Sentiment: A Zacks note said Dave’s ARPU growth story is still gaining momentum in 2026, driven by strong ExtraCash demand, higher fees, second draws, and liquidity improvements. Zacks article on ARPU growth
• Neutral Sentiment: Short-interest data showed 0 shares short as of July 10, with the reported change distorted by zero prior-period shares; this does not appear to add meaningful new trading pressure.
• Neutral Sentiment: Several other items referenced people named “Dave” and are unrelated to Dave Inc. (DAVE), so they are unlikely to affect the 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.