Dave Inc. $DAVE Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its position in Dave Inc. (NASDAQ:DAVE) by 131.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,107 shares of the fintech company’s stock after purchasing an additional 1,767 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dave were worth $541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DAVE. WealthCollab LLC bought a new position in Dave in the 2nd quarter worth about $30,000. National Bank of Canada FI bought a new stake in shares of Dave during the third quarter valued at approximately $30,000. Blue Trust Inc. boosted its position in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Dave during the fourth quarter worth approximately $36,000. Finally, Westend Capital Management LLC boosted its position in shares of Dave by 100.0% during the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after buying an additional 100 shares during the period. 18.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Dave news, Director Dan Preston sold 275 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 28.48% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DAVE. Canaccord Genuity Group raised their target price on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Citigroup reiterated an “outperform” rating on shares of Dave in a research report on Thursday, July 9th. Evercore began coverage on Dave in a research note on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price target for the company. Keefe, Bruyette & Woods raised their price target on Dave from $340.00 to $485.00 and gave the company an “outperform” rating in a report on Monday. Finally, Citizens Jmp lifted their price objective on shares of Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $379.40.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: UBS Group raised its price target on Dave Inc. to $470 from $300 and kept a Buy rating, reinforcing a bullish view after the stock’s strong run. Benzinga
• Positive Sentiment: Investors also appear to be responding to prior company updates around leadership and funding strategy, including a new CTO appointment and the transition of ExtraCash originations to Coastal Community Bank, which could improve liquidity and lower funding costs.
• Positive Sentiment: The stock has been benefiting from momentum tied to strong recent operating results, including revenue growth and improving credit quality, while elevated short interest may be amplifying gains as buyers step in.

Dave Stock Performance

DAVE opened at $438.19 on Thursday. The business has a 50 day moving average price of $302.68 and a two-hundred day moving average price of $239.20. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 28.18 and a beta of 3.82. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $442.82.

Dave (NASDAQ:DAVE) last issued its quarterly earnings results 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. Dave had a return on equity of 77.70% and a net margin of 37.22%.The company 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. Research analysts predict that Dave Inc. will post 15.45 EPS for the current fiscal year.

About Dave

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.