Future Fund LLC Purchases Shares of 9,280 Dave Inc. $DAVE

Key Points

• Future Fund LLC bought 9,280 shares of Dave Inc. in the fourth quarter, a position valued at about $2.06 million. The filing puts its ownership at roughly 0.07% of the fintech company.
• Dave’s latest quarterly results beat expectations, with EPS of $3.64 versus the $2.86 consensus and revenue of $158.4 million topping estimates. The company also reaffirmed a strong outlook, guiding FY 2026 EPS to 16.25–16.75.
• Analyst sentiment remains constructive, with several firms maintaining or raising bullish targets, including UBS starting coverage with a buy rating and a $300 price target. The stock’s average analyst target now stands at $323.40.

Future Fund LLC purchased a new stake in Dave Inc. (NASDAQ:DAVE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 9,280 shares of the fintech company's stock, valued at approximately $2,055,000. Future Fund LLC owned about 0.07% of Dave at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WealthCollab LLC acquired a new stake in Dave in the second quarter valued at $30,000. National Bank of Canada FI acquired a new stake in Dave in the third quarter valued at $30,000. Blue Trust Inc. lifted its stake in Dave by 106.8% in the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company's stock valued at $34,000 after acquiring an additional 79 shares during the last quarter. Westend Capital Management LLC lifted its stake in Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company's stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new stake in Dave in the fourth quarter valued at $66,000. Institutional investors and hedge funds own 18.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Canaccord Genuity Group increased their price target on shares of Dave from $328.00 to $342.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. Benchmark reissued a "buy" rating on shares of Dave in a research report on Friday. William Blair reissued an "accumulate" rating on shares of Dave in a research report on Friday, March 13th. UBS Group began coverage on shares of Dave in a research report on Tuesday. They issued a "buy" rating and a $300.00 price objective on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Dave from $295.00 to $330.00 and gave the company an "outperform" rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $323.40.

Dave Price Performance

NASDAQ:DAVE opened at $282.56 on Friday. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $287.69. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 18.17 and a beta of 3.93. The firm's 50-day simple moving average is $228.06 and its 200 day simple moving average is $210.55. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86.

Dave (NASDAQ:DAVE - Get Free Report) last released its quarterly 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. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.40 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, sell-side analysts predict that Dave Inc. will post 14.7 earnings per share for the current year.

Dave announced that its Board of Directors has initiated a share repurchase program on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to purchase 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 stock is undervalued.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc. will be added to the S&P SmallCap 600 Index on June 1, a milestone that can increase institutional visibility and passive fund buying. Dave To Join S&P SmallCap 600 Index
• Positive Sentiment: UBS began coverage of Dave with a buy rating and a $300 target, signaling continued confidence in the stock’s upside. UBS coverage update
• Positive Sentiment: Recent commentary also pointed to Dave as being in the “winner’s circle” of fintech, adding to the constructive sentiment around the name. Seeking Alpha article
• Neutral Sentiment: Other headlines in the feed were unrelated to Dave Inc.’s core business, including stories about Dave’s Hot Chicken, Dave & Buster’s, and public figures named Dave, and are unlikely to materially affect DAVE shares.

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.

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