Globeflex Capital L P Buys Shares of 30,606 Dave Inc. $DAVE

Globeflex Capital L P bought a new position in Dave Inc. (NASDAQ:DAVE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 30,606 shares of the fintech company's stock, valued at approximately $11,403,000. Dave makes up 1.5% of Globeflex Capital L P's portfolio, making the stock its 10th largest holding. Globeflex Capital L P owned about 0.24% of Dave as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. WealthCollab LLC purchased a new stake in shares of Dave in the 2nd quarter valued at $30,000. National Bank of Canada FI bought a new stake in shares of Dave in the 3rd quarter worth approximately $30,000. Kestra Advisory Services LLC purchased a new position in Dave during the 4th quarter valued at $36,000. Harbour Investments Inc. purchased a new position in shares of Dave during the fourth quarter valued at about $66,000. Finally, GAMMA Investing LLC grew its holdings in shares of Dave by 43.9% during the 2nd 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.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Membership growth with stable acquisition costs: Dave reportedly held customer-acquisition cost at $19 while new members increased 32%. If CAC remains controlled as marketing investment accelerates in the second half of 2026, the company could expand efficiently and support future revenue growth. Dave's Marketing Push Accelerates: Can CAC Stay Flat as Members Grow?
• Positive Sentiment: CashAI V6 could improve monetization: Dave’s upgraded underwriting technology is intended to increase average originations and gross profit while building on rising average revenue per user, stronger ExtraCash engagement and controlled credit losses. Successful implementation could strengthen profitability and lending economics. Dave's CashAI V6: Can Smarter Underwriting Lift ARPU?
• Neutral Sentiment: New analyst coverage: Piper Sandler initiated research coverage of Dave. The initiation may improve institutional visibility, but the available report does not specify a rating or price target. Dave Research Coverage Started at Piper Sandler
• Neutral Sentiment: Several articles are unrelated to Dave Inc.: Stories about Dave Portnoy and Pizza Hut, actor Dave Bautista’s television role, and Dave Ramsey’s retirement advice do not affect DAVE’s financial outlook or stock valuation.

Dave Price Performance

DAVE stock opened at $354.72 on Monday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $458.25. The stock has a market cap of $4.53 billion, a P/E ratio of 23.00 and a beta of 3.83. The business's 50-day moving average price is $368.57 and its 200-day moving average price is $272.25.

Dave (NASDAQ:DAVE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.44 by ($2.95). The firm had revenue of $170.79 million during the quarter, compared to analysts' expectations 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 research analysts forecast that Dave Inc. will post 13.71 EPS for the current year.

Insider Buying and Selling at Dave

In related news, CEO Jason Wilk sold 8,474 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dan Preston sold 275 shares of the company's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the transaction, the director owned 5,466 shares of the company's stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. 23.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DAVE. B. Riley Financial raised their target price on Dave from $370.00 to $449.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Lake Street Capital reissued a "buy" rating and set a $450.00 price objective on shares of Dave in a research report on Thursday, August 6th. Weiss Ratings upgraded Dave from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday. Citizens Jmp lifted their price target on shares of Dave from $450.00 to $475.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 6th. Finally, Evercore initiated coverage on shares of Dave in a research report on Wednesday, May 27th. They issued a "hold" rating and a $260.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $410.82.

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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