Dimensional Fund Advisors LP Has $44.07 Million Position in Dave Inc. $DAVE

Dimensional Fund Advisors LP raised its position in Dave Inc. (NASDAQ:DAVE - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 253,173 shares of the fintech company's stock after purchasing an additional 42,262 shares during the quarter. Dimensional Fund Advisors LP owned 1.87% of Dave worth $44,069,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DAVE. Vanguard Group Inc. raised its holdings in Dave by 4.7% in the 4th quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company's stock valued at $151,852,000 after buying an additional 30,546 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Dave by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company's stock worth $110,506,000 after acquiring an additional 112,700 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dave by 31.1% during the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company's stock worth $70,483,000 after acquiring an additional 75,576 shares during the last quarter. State Street Corp increased its position in Dave by 10.6% in the 4th quarter. State Street Corp now owns 233,163 shares of the fintech company's stock valued at $51,625,000 after acquiring an additional 22,274 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Dave by 819.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company's stock valued at $41,666,000 after acquiring an additional 186,273 shares during the period. 18.01% of the stock is owned by institutional investors and hedge funds.

Dave Stock Performance

Shares of Dave stock opened at $372.69 on Monday. The firm has a market cap of $4.74 billion, a PE ratio of 23.97 and a beta of 3.83. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. Dave Inc. has a 1 year low of $152.21 and a 1 year high of $458.25. The stock has a fifty day moving average price of $343.41 and a 200-day moving average price of $254.74.

Dave (NASDAQ:DAVE - Get Free Report) last released its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.78. The firm had revenue of $158.41 million for the quarter, compared to analysts' expectations 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. Equities research analysts anticipate that Dave Inc. will post 15.66 EPS for the current year.

Insider Transactions at Dave

In related news, Director Dan Preston sold 275 shares of the business's stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the sale, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares in the company, valued at $82,501,247.50. The trade was a 2.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 23.59% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Barrington Research boosted their price objective on shares of Dave from $290.00 to $310.00 and gave the stock an "outperform" rating in a research note on Friday, June 12th. Keefe, Bruyette & Woods increased their price objective on Dave from $340.00 to $485.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Benchmark raised their target price on Dave from $345.00 to $475.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. UBS Group lifted their target price on Dave from $300.00 to $470.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, Citigroup reiterated 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 two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $379.40.

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.

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