Dave Inc. $DAVE Shares Acquired by Azora Capital LP

Key Points

• Azora Capital LP boosted its stake in Dave by 87.9% in Q3 to 133,242 shares, owning roughly 0.99% of the company (about $26.56 million) and making DAVE its 29th largest holding.
• Dave’s board authorized a $300 million share repurchase program, allowing the company to buy back up to 11.2% of outstanding shares.
• Analyst sentiment is positive — the stock has a consensus rating of “Moderate Buy” with an average price target of $312.13, and several firms recently raised their targets.

Azora Capital LP increased its stake in Dave Inc. (NASDAQ:DAVE - Free Report) by 87.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,242 shares of the fintech company's stock after purchasing an additional 62,318 shares during the quarter. Dave accounts for 1.2% of Azora Capital LP's investment portfolio, making the stock its 29th largest position. Azora Capital LP owned approximately 0.99% of Dave worth $26,562,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Dave by 29.1% during the second quarter. Bank of New York Mellon Corp now owns 34,992 shares of the fintech company's stock worth $9,392,000 after buying an additional 7,893 shares in the last quarter. Savant Capital LLC purchased a new position in Dave in the second quarter valued at about $681,000. ProShare Advisors LLC purchased a new position in Dave in the second quarter valued at about $511,000. SBI Securities Co. Ltd. lifted its position in shares of Dave by 3.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,953 shares of the fintech company's stock valued at $524,000 after acquiring an additional 60 shares during the period. Finally, KBC Group NV acquired a new stake in shares of Dave during the 2nd quarter valued at approximately $85,000. Institutional investors and hedge funds own 18.01% of the company's stock.

Insider Activity

In other news, Director Imran Khan sold 1,146 shares of the business's stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 97,771 shares of company stock worth $19,194,391. 28.48% of the stock is owned by company insiders.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Barrington Research reiterated an Outperform rating on Dave, which supports upside investor sentiment and could underpin buying interest. Barrington Reiterates Outperform
• Positive Sentiment: Zacks included DAVE in a "Buy 3 High-Flying Small-Sized Tech Services Stocks" idea, highlighting the stock among names showing strong gains in 2026 — a positive for sentiment-driven flows. Buy 3 High-Flying Small-Sized Tech Services Stocks
• Positive Sentiment: Zacks also named DAVE among "Stocks With Relative Price Strength," signalling the name has outperformed peers recently — another factor that can attract momentum investors. 4 Stocks With Relative Price Strength
• Neutral Sentiment: Short-interest data posted recently shows zero/NaN values and a 0.0 days-to-cover figure — this appears to be a reporting anomaly and is not signalling a notable short-position change affecting the stock today.
• Neutral Sentiment: Several news items referencing "Dave" (a restaurant tie-in: Dave's Hot Chicken at the Masters) and pop-culture mentions (Dave Matthews, Dave Meltzer) are unrelated to Dave Inc.'s business and are unlikely to move the stock. Dave's Hot Chicken brings Masters theme to Augusta
• Neutral Sentiment: Coverage about the video game "Dave the Diver" and its DLC is unrelated to Dave Inc. and should not affect fundamentals or investor valuation. DAVE THE DIVER DLC Launches June 18

Dave Price Performance

Shares of DAVE opened at $212.02 on Friday. Dave Inc. has a 1-year low of $65.46 and a 1-year high of $286.45. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 15.71 and a beta of 3.86. The firm has a 50 day simple moving average of $192.96 and a 200-day simple moving average of $207.74.

Dave announced that its board has initiated a stock repurchase program on Monday, March 2nd that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the fintech company to buy up to 11.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DAVE shares. Canaccord Genuity Group boosted their price target on Dave from $274.00 to $328.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. Barrington Research reaffirmed an "outperform" rating and set a $290.00 price objective on shares of Dave in a report on Tuesday, March 10th. Zacks Research upgraded Dave from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 16th. Lake Street Capital boosted their target price on Dave from $308.00 to $326.00 and gave the stock a "buy" rating in a research report on Tuesday, March 3rd. Finally, Keefe, Bruyette & Woods upped their target price on Dave from $250.00 to $295.00 and gave the company an "outperform" rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $312.13.

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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