Dave Inc. $DAVE Shares Sold by Maverick Capital Ltd.

Maverick Capital Ltd. lessened its stake in Dave Inc. (NASDAQ:DAVE) by 84.9% in the first quarter, Holdings Channel reports. The fund owned 2,475 shares of the fintech company’s stock after selling 13,901 shares during the quarter. Maverick Capital Ltd.’s holdings in Dave were worth $431,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DAVE. JPMorgan Chase & Co. raised its stake in shares of Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after purchasing an additional 65 shares during the period. Prudential Financial Inc. purchased a new position in shares of Dave in the second quarter valued at $324,000. Invesco Ltd. grew its holdings in Dave by 2,379.9% during the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after purchasing an additional 93,554 shares in the last quarter. First Trust Advisors LP acquired a new stake in Dave during the 2nd quarter valued at $18,710,000. Finally, Cresset Asset Management LLC purchased a new stake in Dave during the 2nd quarter worth $402,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Insider Transactions at Dave

In other news, CEO Jason Wilk sold 8,474 shares of the 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 transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dan Preston sold 275 shares of Dave 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 completion of the transaction, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 28.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on DAVE shares. Evercore began coverage on shares of Dave in a report on Wednesday, May 27th. They issued a “hold” rating and a $260.00 price objective on the stock. 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 note on Wednesday, May 6th. Lake Street Capital reaffirmed a “buy” rating and set a $332.00 target price on shares of Dave in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods boosted their price target on Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, Citigroup reissued an “outperform” rating on shares of Dave in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $379.40.

Dave Stock Down 6.8%

Shares of NASDAQ:DAVE opened at $378.99 on Thursday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $337.79 and a 200 day simple moving average of $252.65. The firm has a market cap of $4.82 billion, a PE ratio of 24.37 and a beta of 3.82. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $458.25.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The firm had revenue of $158.41 million for the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities research analysts anticipate that Dave Inc. will post 15.66 EPS for the current fiscal year.

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.