Ancora Advisors LLC Buys Shares of 9,250 Dave Inc. $DAVE

Ancora Advisors LLC bought a new position in Dave Inc. (NASDAQ:DAVE - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,250 shares of the fintech company's stock, valued at approximately $3,446,000. Ancora Advisors LLC owned approximately 0.07% of Dave as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. WealthCollab LLC purchased a new stake in Dave in the 2nd quarter worth approximately $30,000. National Bank of Canada FI acquired a new stake in Dave during the third quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in Dave in the fourth quarter valued at $36,000. Harbour Investments Inc. purchased a new position in Dave in the fourth quarter valued at $66,000. Finally, GAMMA Investing LLC raised its position in shares of Dave by 43.9% in the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company's stock worth $83,000 after acquiring an additional 68 shares during the period. 18.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dave news, 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 sale, the chief executive officer directly owned 299,950 shares of the company's stock, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dan Preston sold 275 shares of the firm's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares of the company's stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 23.59% of the company's stock.

Analyst Ratings Changes

DAVE has been the subject of several research analyst reports. Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the stock an "outperform" rating in a research note on Friday, June 12th. Benchmark lifted their price target on shares of Dave from $345.00 to $475.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Weiss Ratings raised shares of Dave from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Lake Street Capital reissued a "buy" rating and issued a $450.00 price target on shares of Dave in a report on Thursday, August 6th. Finally, Freedom Capital upgraded shares of Dave to a "hold" rating in a research report on Thursday, July 30th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $410.82.

Dave Price Performance

Shares of NASDAQ DAVE opened at $372.30 on Thursday. The firm has a 50-day simple moving average of $372.24 and a 200-day simple moving average of $276.39. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 24.14 and a beta of 3.83. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $458.25.

Dave (NASDAQ:DAVE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $3.44 by ($2.95). The business had revenue of $170.79 million for the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, equities analysts predict that Dave Inc. will post 13.71 earnings per share for the current fiscal year.

Dave Company 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.

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