Future Fund LLC Has $2.02 Million Stock Position in Dave Inc. $DAVE

Future Fund LLC raised its position in shares of Dave Inc. (NASDAQ:DAVE) by 24.9% in the first quarter, HoldingsChannel.com reports. The firm owned 11,593 shares of the fintech company’s stock after purchasing an additional 2,313 shares during the quarter. Future Fund LLC’s holdings in Dave were worth $2,018,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Dave by 2,267.1% during the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock worth $19,606,000 after buying an additional 84,811 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Dave by 92.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 8,273 shares of the fintech company’s stock worth $1,440,000 after buying an additional 3,971 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Dave in the third quarter valued at $1,826,000. Pictet Asset Management Holding SA lifted its holdings in Dave by 372.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock valued at $1,293,000 after buying an additional 4,604 shares during the period. Finally, Strs Ohio boosted its position in Dave by 1,400.0% during the fourth quarter. Strs Ohio now owns 4,500 shares of the fintech company’s stock valued at $996,000 after acquiring an additional 4,200 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DAVE. Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Citigroup restated an “outperform” rating on shares of Dave in a research report on Thursday, July 9th. Benchmark raised their target price on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Lake Street Capital reaffirmed a “buy” rating and set a $332.00 target price on shares of Dave in a research note on Wednesday, May 6th. Finally, B. Riley Financial lifted their target price on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Dave has a consensus rating of “Buy” and an average target price of $379.40.

Dave Stock Performance

Shares of DAVE opened at $440.42 on Friday. Dave Inc. has a one year low of $152.21 and a one year high of $455.98. The company has a market cap of $5.60 billion, a PE ratio of 28.32 and a beta of 3.82. The stock has a 50-day moving average of $310.23 and a 200-day moving average of $242.10. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

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 the consensus estimate of $2.86 by $0.78. The business had revenue of $158.41 million for 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, equities research analysts predict that Dave Inc. will post 15.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jason Wilk sold 8,474 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at $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 is available at this link. Also, Director Dan Preston sold 275 shares of the firm’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 directly owned 5,466 shares in the company, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 28.48% of the stock is owned by company insiders.

Dave 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.