Dave Inc. $DAVE Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Dave Inc. (NASDAQ:DAVE) by 269.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,800 shares of the fintech company’s stock after acquiring an additional 3,500 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Dave were worth $1,063,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Divisadero Street Capital Management LP boosted its holdings in Dave by 73.1% during the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock valued at $184,452,000 after acquiring an additional 390,676 shares during the period. Vanguard Group Inc. boosted its holdings in Dave by 4.7% during the 4th quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock valued at $151,852,000 after acquiring an additional 30,546 shares during the period. American Century Companies Inc. boosted its holdings in Dave by 17.1% during the 3rd quarter. American Century Companies Inc. now owns 229,693 shares of the fintech company’s stock valued at $45,790,000 after acquiring an additional 33,492 shares during the period. Ameriprise Financial Inc. boosted its holdings in Dave by 819.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock valued at $41,666,000 after acquiring an additional 186,273 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after acquiring an additional 118,203 shares during the period. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave Stock Performance

Shares of DAVE opened at $235.79 on Friday. The stock has a 50-day simple moving average of $221.62 and a 200-day simple moving average of $209.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The stock has a market capitalization of $3.00 billion, a PE ratio of 15.16 and a beta of 3.93. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $287.69.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.78. The business had revenue of $158.40 million during the quarter, compared to analysts’ expectations 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, analysts predict that Dave Inc. will post 14.49 earnings per share for the current fiscal year.

Dave announced that its Board of Directors has authorized a stock repurchase program on Monday, March 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on DAVE. UBS Group restated a “neutral” rating on shares of Dave in a report on Friday, March 13th. Benchmark restated a “buy” rating on shares of Dave in a report on Tuesday, March 3rd. Citigroup restated an “outperform” rating on shares of Dave in a report on Wednesday, May 6th. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Lake Street Capital restated a “buy” rating and set a $332.00 target price on shares of Dave in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Dave currently has an average rating of “Moderate Buy” and a consensus target price of $325.88.

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.