Sanctuary Advisors LLC Purchases 2,336 Shares of Dave Inc. $DAVE

Sanctuary Advisors LLC raised its position in shares of Dave Inc. (NASDAQ:DAVE) by 69.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,707 shares of the fintech company’s stock after acquiring an additional 2,336 shares during the period. Sanctuary Advisors LLC’s holdings in Dave were worth $994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Dave by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after purchasing an additional 65 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Dave in the 2nd quarter worth $324,000. Invesco Ltd. grew its stake in shares of Dave by 2,379.9% in the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after buying an additional 93,554 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of Dave in the 2nd quarter worth about $18,710,000. Finally, Cresset Asset Management LLC bought a new stake in shares of Dave in the 2nd quarter worth about $402,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc. was upgraded to a Strong Buy by Zacks, reflecting improving earnings expectations and potentially drawing more investor interest. DAVE INC (DAVE) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Analysts say Dave’s rapid growth, improving credit performance, and broader product offerings give it an edge over competitors. Toast vs. Dave: Which Fintech Disruptor Is Better for Investors Now?
• Positive Sentiment: Dave is being flagged as a candidate to beat upcoming earnings estimates again, which could reinforce the stock’s momentum if results come in strong. Will DAVE INC (DAVE) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: A report noted a sharp increase in short interest, but the data appears unreliable because it shows zero shares and a zero days-to-cover ratio, so it is unlikely to be a meaningful driver. Short Interest Update
• Neutral Sentiment: One market commentary highlighted that Dave shares have been strong year to date, but this was mostly a performance recap rather than a new catalyst. Financials Sector Catalyst Sees Dave Shares up 91% YTD

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 stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 28.48% of the stock is currently owned by company insiders.

Dave Price Performance

DAVE opened at $402.81 on Friday. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 25.90 and a beta of 3.82. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $458.25. The business’s fifty day simple moving average is $328.44 and its 200-day simple moving average is $249.10.

Dave (NASDAQ:DAVE) last announced its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million during 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on DAVE shares. Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. B. Riley Financial raised their price objective on Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Citizens Jmp lifted their target price on Dave from $365.00 to $450.00 and gave the stock a “market outperform” rating in a report on Thursday, July 9th. Keefe, Bruyette & Woods increased their price target on Dave from $340.00 to $485.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, Citigroup restated an “outperform” rating on shares of Dave in a research report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Dave has a consensus rating of “Buy” and a consensus target price of $379.40.

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.