Meros Investment Management LP Trims Holdings in Dave Inc. $DAVE

Meros Investment Management LP cut its stake in Dave Inc. (NASDAQ:DAVE) by 45.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,667 shares of the fintech company’s stock after selling 3,102 shares during the quarter. Meros Investment Management LP’s holdings in Dave were worth $812,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. WealthCollab LLC purchased a new position in shares of Dave in the second quarter valued at $30,000. National Bank of Canada FI purchased a new position in shares of Dave in the third quarter valued at $30,000. Blue Trust Inc. grew its position in shares of Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after purchasing an additional 79 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Dave in the fourth quarter valued at $36,000. Finally, Westend Capital Management LLC grew its position in shares of Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after purchasing an additional 100 shares in the last quarter. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DAVE shares. UBS Group started coverage on Dave in a research report on Tuesday, May 26th. They issued a “buy” rating and a $300.00 price target for the company. Citizens Jmp lifted their price target on Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 6th. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Keefe, Bruyette & Woods lifted their price target on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, May 4th. Finally, B. Riley Financial boosted their target price on Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dave has an average rating of “Buy” and a consensus price target of $325.40.

Insider Activity

In other Dave news, Director Dan Preston sold 275 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the sale, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the completion of the transaction, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% 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.

Dave Price Performance

Dave stock opened at $308.75 on Tuesday. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $315.08. The business has a 50-day simple moving average of $247.11 and a 200 day simple moving average of $215.57. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 19.86 and a beta of 3.87.

Dave (NASDAQ:DAVE) last posted its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping 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 business had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, research analysts forecast that Dave Inc. will post 14.7 earnings per share for the current fiscal year.

Dave announced that its board has authorized a stock buyback plan on Monday, March 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the fintech company to buy up to 11.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is 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.