2,969 Shares in Dave Inc. $DAVE Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC bought a new position in shares of Dave Inc. (NASDAQ:DAVE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,969 shares of the fintech company’s stock, valued at approximately $1,106,000.

Other institutional investors also recently bought and sold shares of the company. WealthCollab LLC purchased a new position in shares of Dave in the second quarter valued at $30,000. National Bank of Canada FI bought a new stake in Dave in the third quarter worth $30,000. Kestra Advisory Services LLC purchased a new stake in Dave during the fourth quarter valued at $36,000. Harbour Investments Inc. purchased a new stake in Dave during the fourth quarter valued at $66,000. Finally, GAMMA Investing LLC raised its stake in Dave by 43.9% during the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after purchasing an additional 68 shares in the last quarter. 18.01% of the stock is owned by hedge funds and other institutional investors.

Dave Stock Performance

DAVE stock opened at $354.72 on Friday. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $458.25. The business has a 50-day moving average price of $368.57 and a 200 day moving average price of $271.57. The company has a market capitalization of $4.53 billion, a P/E ratio of 23.00 and a beta of 3.83. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 4.22.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%.The business had revenue of $170.79 million for the quarter, compared to analysts’ expectations of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, equities research analysts forecast that Dave Inc. will post 13.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore initiated coverage on shares of Dave in a research note on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective for the company. Piper Sandler assumed coverage on shares of Dave in a research report on Monday, August 17th. They set an “overweight” rating and a $390.00 target price on the stock. Benchmark increased their price target on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Lake Street Capital reiterated a “buy” rating and issued a $450.00 price target on shares of Dave in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $410.82.

Insider Buying and Selling

In other news, Director Dan Preston sold 275 shares of the stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, 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. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction that occurred 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 owned 299,950 shares in the company, valued at $82,501,247.50. This represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.59% of the company’s stock.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Membership growth with stable acquisition costs: Dave reportedly held customer-acquisition cost at $19 while new members increased 32%. If CAC remains controlled as marketing investment accelerates in the second half of 2026, the company could expand efficiently and support future revenue growth. Dave’s Marketing Push Accelerates: Can CAC Stay Flat as Members Grow?
• Positive Sentiment: CashAI V6 could improve monetization: Dave’s upgraded underwriting technology is intended to increase average originations and gross profit while building on rising average revenue per user, stronger ExtraCash engagement and controlled credit losses. Successful implementation could strengthen profitability and lending economics. Dave’s CashAI V6: Can Smarter Underwriting Lift ARPU?
• Neutral Sentiment: New analyst coverage: Piper Sandler initiated research coverage of Dave. The initiation may improve institutional visibility, but the available report does not specify a rating or price target. Dave Research Coverage Started at Piper Sandler
• Neutral Sentiment: Several articles are unrelated to Dave Inc.: Stories about Dave Portnoy and Pizza Hut, actor Dave Bautista’s television role, and Dave Ramsey’s retirement advice do not affect DAVE’s financial outlook or stock valuation.

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.