Havemeyer Place LP Purchases New Position in Dave Inc. $DAVE

Havemeyer Place LP purchased a new position in shares of Dave Inc. (NASDAQ:DAVE) during the fourth quarter, Holdings Channel reports. The firm purchased 4,617 shares of the fintech company’s stock, valued at approximately $1,022,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Dave by 22.7% during the third quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock worth $13,514,000 after purchasing an additional 12,555 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Dave by 2,267.1% during the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after acquiring an additional 84,811 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Dave during the third quarter valued at approximately $1,826,000. Pictet Asset Management Holding SA raised its holdings in shares of Dave by 372.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 5,841 shares of the fintech company’s stock valued at $1,293,000 after acquiring an additional 4,604 shares during the last quarter. Finally, Wilson Asset Management International PTY Ltd. acquired a new position in shares of Dave during the third quarter valued at approximately $1,561,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Insider Activity at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 28.48% of the company’s stock.

Dave Price Performance

NASDAQ:DAVE opened at $258.25 on Monday. Dave Inc. has a one year low of $152.21 and a one year high of $293.90. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The stock has a market cap of $3.28 billion, a PE ratio of 16.61 and a beta of 3.87. The stock has a 50 day moving average price of $233.97 and a 200 day moving average price of $211.84.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating 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 firm 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. Equities research analysts expect that Dave Inc. will post 14.7 EPS for the current fiscal year.

Dave announced that its board has approved a stock repurchase plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DAVE has been the subject of a number of research analyst reports. Citigroup reissued an “outperform” rating on shares of Dave in a report on Wednesday, May 6th. William Blair reissued an “accumulate” rating on shares of Dave in a report on Friday, March 13th. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, UBS Group initiated coverage on Dave in a report on Tuesday, May 26th. They set a “buy” rating and a $300.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Dave has an average rating of “Moderate Buy” and an average target price of $323.40.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Seeking Alpha highlighted Dave’s improving fundamentals, citing strong Q1 growth, expanding margins, better credit quality, and aggressive buybacks. The note reiterated a Strong Buy view and a $350 price target, which supports the bullish case for DAVE. Dave: Credit Quality Keeps Improving As Earnings Surge
• Positive Sentiment: Zacks noted that DAVE has been outperforming peers this year and that analyst price targets imply meaningful upside, reinforcing expectations that the stock can continue to outperform if momentum holds. Wall Street Analysts Believe DAVE INC (DAVE) Could Rally 30.64%
• Neutral Sentiment: Coverage comparing DAVE with business-services peers was mainly a performance check-in and did not add a clear new catalyst for the stock. Is DAVE INC (DAVE) Stock Outpacing Its Business Services Peers This Year?
• Negative Sentiment: Jason Wilk sold 8,474 shares of Dave stock at an average price of $275.05, a move that can weigh on sentiment because insiders typically sell for many reasons, but large CEO sales are often read as a caution signal by investors. Insider Selling: Dave (NASDAQ:DAVE) CEO Sells 8,474 Shares of Stock

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.