Renaissance Technologies LLC Sells 67,300 Shares of Dave Inc. $DAVE

Renaissance Technologies LLC decreased its position in Dave Inc. (NASDAQ:DAVE) by 13.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 431,800 shares of the fintech company’s stock after selling 67,300 shares during the period. Renaissance Technologies LLC’s holdings in Dave were worth $75,172,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Dave by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after buying an additional 65 shares during the period. Prudential Financial Inc. acquired a new position in Dave in the second quarter valued at about $324,000. Invesco Ltd. increased its holdings in shares of Dave by 2,379.9% in the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after acquiring an additional 93,554 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Dave in the second quarter worth about $18,710,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Dave during the second quarter worth about $402,000. Institutional investors own 18.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DAVE. Benchmark lifted their price objective on Dave from $345.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Keefe, Bruyette & Woods increased their target price on Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Citigroup restated an “outperform” rating on shares of Dave in a report on Thursday, July 9th. UBS Group lifted their price target on shares of Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $332.00 price target 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 given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $379.40.

Dave Stock Performance

Shares of DAVE opened at $402.81 on Friday. 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 firm has a 50-day moving average of $328.44 and a 200-day moving average of $249.10. The company has a market cap of $5.12 billion, a PE ratio of 25.90 and a beta of 3.82. Dave Inc. has a one year low of $152.21 and a one year high of $458.25.

Dave (NASDAQ:DAVE) last posted its quarterly 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. The business had revenue of $158.41 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. As a group, equities analysts forecast that Dave Inc. will post 15.66 earnings per share for the current year.

Insider Activity at Dave

In other Dave news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction on 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 transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction on 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 transaction, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. 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: Dave Inc. was upgraded to a Strong Buy by Zacks, reflecting improving earnings expectations and potentially drawing more investor interest. DAVE INC (DAVE) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Analysts say Dave’s rapid growth, improving credit performance, and broader product offerings give it an edge over competitors. Toast vs. Dave: Which Fintech Disruptor Is Better for Investors Now?
• Positive Sentiment: Dave is being flagged as a candidate to beat upcoming earnings estimates again, which could reinforce the stock’s momentum if results come in strong. Will DAVE INC (DAVE) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: A report noted a sharp increase in short interest, but the data appears unreliable because it shows zero shares and a zero days-to-cover ratio, so it is unlikely to be a meaningful driver. Short Interest Update
• Neutral Sentiment: One market commentary highlighted that Dave shares have been strong year to date, but this was mostly a performance recap rather than a new catalyst. Financials Sector Catalyst Sees Dave Shares up 91% YTD

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.