Findell Capital Management LLC Acquires 32,000 Shares of Dave Inc. $DAVE

Findell Capital Management LLC raised its holdings in Dave Inc. (NASDAQ:DAVE) by 84.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 70,000 shares of the fintech company’s stock after buying an additional 32,000 shares during the period. Dave makes up about 4.5% of Findell Capital Management LLC’s holdings, making the stock its 4th largest position. Findell Capital Management LLC’s holdings in Dave were worth $15,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DAVE. WealthCollab LLC acquired a new stake in Dave in the second quarter valued at $30,000. National Bank of Canada FI acquired a new stake in Dave in the third quarter valued at $30,000. Blue Trust Inc. raised its stake in Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after buying an additional 79 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Dave in the fourth quarter valued at $36,000. Finally, Westend Capital Management LLC raised its stake in Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after buying an additional 100 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DAVE shares. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Citizens Jmp lifted their target price on Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 6th. Evercore began coverage on Dave in a research report on Wednesday, May 27th. They set a “hold” rating and a $260.00 target price on the stock. William Blair reiterated an “accumulate” rating on shares of Dave in a research report on Friday, March 13th. Finally, Keefe, Bruyette & Woods lifted their target price on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $325.40.

Insider Activity

In related news, Director Dan Preston sold 275 shares of the business’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 owned 5,466 shares in the company, valued at $1,353,654.90. The trade was a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.48% of the company’s stock.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted that Dave trades below the industry P/E average despite strong profitability metrics, including nearly 80% return on equity, healthy margins, low debt, and rising member growth, suggesting the stock could still be undervalued. Article Title
• Neutral Sentiment: Other articles in the feed focus on unrelated personal finance commentary from Dave Ramsey and non-material stories about Dave & Buster’s, which are not directly relevant to Dave Inc.’s stock. Article Title
• Negative Sentiment: Benchmark’s downgrade from strong-buy to hold is the clearest negative catalyst in the news flow and likely a key reason investors are selling the stock today. Read More: Read More.

Dave Stock Down 4.2%

DAVE opened at $285.84 on Thursday. The business’s 50-day simple moving average is $251.86 and its 200-day simple moving average is $216.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. Dave Inc. has a one year low of $152.21 and a one year high of $318.66. The stock has a market capitalization of $3.63 billion, a P/E ratio of 18.38 and a beta of 3.87.

Dave (NASDAQ:DAVE) last posted its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS 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 for the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Analysts anticipate that Dave Inc. will post 14.7 EPS for the current year.

Dave declared that its Board of Directors has initiated a stock buyback plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the fintech company to buy up to 11.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.