Globeflex Capital L P Acquires Shares of 30,606 Dave Inc. $DAVE

Globeflex Capital L P purchased a new stake in shares of Dave Inc. (NASDAQ:DAVE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 30,606 shares of the fintech company’s stock, valued at approximately $11,403,000. Dave comprises about 1.5% of Globeflex Capital L P’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds also recently bought and sold shares of the business. Great Lakes Advisors LLC purchased a new position in Dave in the 2nd quarter worth about $1,106,000. Handelsbanken Fonder AB lifted its holdings in Dave by 21.1% during the second quarter. Handelsbanken Fonder AB now owns 2,300 shares of the fintech company’s stock worth $857,000 after buying an additional 400 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Dave by 24.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,710 shares of the fintech company’s stock worth $1,382,000 after purchasing an additional 730 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Dave during the second quarter valued at about $745,000. Finally, GAMMA Investing LLC lifted its position 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 acquiring an additional 68 shares during the last quarter. Institutional investors own 18.01% of the company’s stock.

Trending Headlines about 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.

Insider Buying and Selling

In related news, Director Dan Preston sold 275 shares of the firm’s 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 completion of the sale, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 23.59% of the stock is owned by corporate insiders.

Dave Stock Performance

DAVE stock opened at $354.72 on Monday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average is $368.57 and its 200 day moving average is $272.25. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 23.00 and a beta of 3.83. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $458.25.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 EPS for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The firm had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, sell-side analysts anticipate that Dave Inc. will post 13.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DAVE shares. Weiss Ratings raised Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. Lake Street Capital reissued a “buy” rating and issued a $450.00 price objective on shares of Dave in a report on Thursday, August 6th. Canaccord Genuity Group raised their target price on shares of Dave from $342.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price target on Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Freedom Capital upgraded shares of Dave to a “hold” rating in a research report on Thursday, July 30th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $410.82.

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.