Sei Investments Co. Boosts Stake in Dave Inc. $DAVE

Sei Investments Co. lifted its stake in Dave Inc. (NASDAQ:DAVE) by 21.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,435 shares of the fintech company’s stock after acquiring an additional 17,320 shares during the period. Sei Investments Co.’s holdings in Dave were worth $17,135,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. WealthCollab LLC bought a new position in Dave in the second quarter worth about $30,000. National Bank of Canada FI bought a new stake in shares of Dave in the 3rd quarter valued at about $30,000. Blue Trust Inc. grew its position in shares of Dave by 106.8% in the 4th 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 last quarter. Kestra Advisory Services LLC purchased a new position in shares of Dave in the 4th quarter worth approximately $36,000. Finally, Harbour Investments Inc. bought a new position in shares of Dave during the 4th quarter worth approximately $66,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dave

In other news, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction that occurred 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 transaction, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is currently owned by company insiders.

Dave Price Performance

NASDAQ:DAVE opened at $378.99 on Thursday. The firm’s fifty day moving average is $337.79 and its two-hundred day moving average is $252.65. The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 24.37 and a beta of 3.82. 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 $458.25.

Dave (NASDAQ:DAVE) last released its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million during the quarter, compared to analyst estimates 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. Research analysts expect that Dave Inc. will post 15.66 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DAVE. Canaccord Genuity Group increased their price objective on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Citizens Jmp upped their target price on Dave from $365.00 to $450.00 and gave the company a “market outperform” rating in a research report on Thursday, July 9th. UBS Group increased their price target on Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. B. Riley Financial boosted their price target on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Finally, Barrington Research upped their price objective on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $379.40.

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.