6,897 Dave Inc. $DAVE Shares Sold by Calamos Advisors LLC

Key Points

• Calamos Advisors cut its Dave stake by 14.9%, selling 6,897 shares in the third quarter. It retained 39,259 shares, valued at about $12.6 million.
• Several other institutional investors increased their holdings, while institutional ownership of Dave stands at 18.01%.
• Analyst views remain broadly positive: Dave has a “Moderate Buy” consensus and an average price target of $425.69, though JPMorgan lowered its target to $435 from $480.

Calamos Advisors LLC lessened its stake in shares of Dave Inc. (NASDAQ:DAVE - Free Report) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,259 shares of the fintech company's stock after selling 6,897 shares during the quarter. Calamos Advisors LLC owned about 0.31% of Dave worth $12,622,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC lifted its position in Dave by 116.8% during the third quarter. MeadowBrook Investment Advisors LLC now owns 412 shares of the fintech company's stock valued at $132,000 after purchasing an additional 222 shares during the period. Vise Technologies Inc. grew its position in Dave by 14.4% in the 3rd quarter. Vise Technologies Inc. now owns 931 shares of the fintech company's stock worth $299,000 after purchasing an additional 117 shares during the period. Summit Global Investments grew its position in Dave by 10.2% in the 3rd quarter. Summit Global Investments now owns 973 shares of the fintech company's stock worth $313,000 after purchasing an additional 90 shares during the period. Signaturefd LLC grew its position in Dave by 119.2% in the 3rd quarter. Signaturefd LLC now owns 114 shares of the fintech company's stock worth $37,000 after purchasing an additional 62 shares during the period. Finally, Sterling Capital Management LLC raised its stake in Dave by 841.7% during the 3rd quarter. Sterling Capital Management LLC now owns 339 shares of the fintech company's stock valued at $109,000 after buying an additional 303 shares during the last quarter. 18.01% of the stock is currently owned by institutional investors.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 revenue and profit outlook, citing member growth, improving credit performance and expansion of its ExtraCash product. These growth and credit trends could support future results. Article: DAVE Q3 Earnings Call Highlights Higher Outlook and Credit Gains
• Negative Sentiment: Third-quarter EPS of $4.39 fell short of Zacks’ $4.45 consensus estimate. The earnings shortfall contributed to the stock’s post-report selloff despite higher revenue and raised guidance. Article: Dave Inc. Q3 Earnings Miss Estimates
• Negative Sentiment: Kirby McInerney LLP announced an investigation into potential securities-law violations or other unlawful business practices. Another law firm also announced an investigation following the November 4 disclosure. These are allegations under investigation, not findings of wrongdoing, but the announcements may add uncertainty for investors. Article: Dave, Inc. Investigation
• Negative Sentiment: JPMorgan cut its price target to $435 from $480, though it kept an Overweight rating. The shares also reportedly fell below their 200-day moving average after an analyst downgrade, a potentially bearish technical signal. Article: JPMorgan Cuts Dave Price Target

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Dave from $480.00 to $435.00 and set an "overweight" rating on the stock in a report on Thursday. Wall Street Zen raised Dave from a "sell" rating to a "hold" rating in a report on Sunday. Canaccord Genuity Group lifted their price objective on Dave from $342.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Seaport Research Partners reiterated a "buy" rating and set a $422.00 price objective on shares of Dave in a research report on Thursday, October 8th. Finally, Weiss Ratings cut Dave from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 30th. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $425.69.

Dave Stock Up 1.2%

Shares of DAVE stock opened at $278.59 on Friday. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $458.25. The stock has a market cap of $3.55 billion, a P/E ratio of 22.50 and a beta of 4.07. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.71. The company has a 50 day simple moving average of $347.96 and a two-hundred day simple moving average of $289.16.

Dave (NASDAQ:DAVE - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The fintech company reported $4.39 earnings per share for the quarter, topping the consensus estimate of $4.09 by $0.30. The business had revenue of $197.70 million for the quarter, compared to the consensus estimate of $191.89 million. Dave had a net margin of 28.15% and a return on equity of 59.86%. On average, research analysts expect that Dave Inc. will post 13.04 earnings per share for the current year.

Dave Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company's mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.

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