GSA Capital Partners LLP Trims Stock Position in Dave Inc. $DAVE

GSA Capital Partners LLP lowered its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 47.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,791 shares of the fintech company’s stock after selling 4,270 shares during the quarter. GSA Capital Partners LLP’s holdings in Dave were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. WealthCollab LLC bought a new position in shares of Dave during the 2nd quarter valued at approximately $30,000. National Bank of Canada FI bought a new position in shares of Dave during the 3rd quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in shares of Dave by 106.8% during the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after acquiring an additional 79 shares during the period. Westend Capital Management LLC grew its stake in shares of Dave by 100.0% during the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after acquiring an additional 100 shares during the period. Finally, Comerica Bank boosted its stake in Dave by 228.2% in the 4th quarter. Comerica Bank now owns 384 shares of the fintech company’s stock worth $85,000 after purchasing an additional 267 shares during the period. 18.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark restated a “buy” rating on shares of Dave in a research note on Tuesday, March 3rd. Weiss Ratings upgraded Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods upped their price target on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Lake Street Capital restated a “buy” rating and issued a $332.00 price target on shares of Dave in a research note on Wednesday, May 6th. Finally, UBS Group restated a “neutral” rating on shares of Dave in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Dave currently has an average rating of “Moderate Buy” and a consensus target price of $325.88.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Barrington Research reaffirmed its Outperform rating on Dave Inc. and maintained a $290 price target, implying meaningful upside from the current trading level. Barrington Research Reaffirms Dave Outperform Rating
• Positive Sentiment: Another note highlighted Dave’s improved earnings outlook and said the stock still looks attractive after the recent valuation update, reinforcing investor confidence in the company’s growth and profitability trajectory. Dave Valuation After Upgraded Earnings Outlook
• Positive Sentiment: Analysts also described Dave Inc. as having a “Moderate Buy” consensus rating, which supports the bullish tone around the stock. Dave Inc. Consensus Rating of Moderate Buy
• Neutral Sentiment: One article discussed Dave Inc.’s year-to-date performance versus other business services stocks, but it did not add a new catalyst beyond general relative-performance commentary. Dave Inc. Performance Versus Peers

Dave Stock Down 1.2%

Shares of DAVE opened at $240.90 on Friday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 15.49 and a beta of 3.93. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $287.69. The business’s 50 day simple moving average is $223.26 and its 200-day simple moving average is $209.66. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.78. The business had revenue of $158.40 million for 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 expect that Dave Inc. will post 14.49 earnings per share for the current fiscal year.

Dave announced that its Board of Directors has initiated a stock buyback program on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.