Pictet Asset Management Holding SA Grows Stock Holdings in Dave Inc. $DAVE

Key Points

• Pictet Asset Management Holding SA increased its stake by 372.2% in Dave during Q4 to 5,841 shares valued at $1.293 million, while institutional investors now own about 18.01% of the company.
• Dave posted a sizable Q1 beat (EPS $4.02 vs. $2.86; revenue $158.4M vs. $153.7M), raised FY2026 guidance to 16.25–16.75 EPS, and has deployed roughly $195M in repurchases (with a $300M authorization), drawing analyst upgrades but leaving the stock volatile.

Pictet Asset Management Holding SA grew its holdings in shares of Dave Inc. (NASDAQ:DAVE - Free Report) by 372.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,841 shares of the fintech company's stock after purchasing an additional 4,604 shares during the quarter. Pictet Asset Management Holding SA's holdings in Dave were worth $1,293,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. WealthCollab LLC purchased a new stake in shares of Dave in the second quarter valued at $30,000. National Bank of Canada FI purchased a new position in Dave during the third quarter worth about $30,000. Blue Trust Inc. boosted its stake in Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company's stock worth $34,000 after buying an additional 79 shares during the last quarter. Westend Capital Management LLC boosted its stake in Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company's stock worth $44,000 after buying an additional 100 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Dave in the 3rd quarter valued at about $97,000. Institutional investors and hedge funds own 18.01% of the company's stock.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q1 results materially beat expectations: Dave reported $3.64 EPS vs. $2.86 consensus and revenue of $158.4M vs. $153.7M, showing strong top- and bottom-line outperformance that supports the company’s profitability story. Dave Inc. (DAVE) Q1 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised FY2026 guidance well above Street expectations (EPS guidance 16.25–16.75 vs. ~14.42 consensus; revenue guide ~$710–720M vs. ~$698M consensus), which signals confidence in continued profit growth. (Guidance disclosed in the company’s Q1 release.) Dave Reports First Quarter 2026 Financial Results
• Positive Sentiment: Capital return and balance-sheet actions: the company deployed about $195M to repurchase shares (~7% of outstanding), which reduces float and can support EPS and the share price over time. Dave Reports First Quarter 2026 Financial Results
• Positive Sentiment: Analyst support: brokers have been raising targets and maintaining outperform ratings (Keefe, Bruyette & Woods raised its target; Barrington reaffirmed an outperform), which can provide directional support if guidance execution continues. Keefe Bruyette & Woods raises DAVE price target Barrington Research reaffirmation
• Neutral Sentiment: Company materials and investor resources (conference call, slide deck, press release) are available for deeper diligence — useful for verifying assumptions behind the raised guidance and buyback size. Press Release / Slide Deck Listen to Conference Call
• Negative Sentiment: Share price is down today despite the beat and guide raise — likely drivers include profit-taking after recent gains, high stock volatility (beta ~3.9), and short-term rotation; elevated expectations from the new guidance could also set up disappointment risk if execution slips. No single article — market reaction/volume-driven.

Dave Stock Performance

DAVE opened at $263.81 on Wednesday. Dave Inc. has a 1 year low of $102.11 and a 1 year high of $287.69. The firm has a 50 day moving average price of $212.77 and a 200 day moving average price of $208.70. The company has a market cap of $3.58 billion, a PE ratio of 19.54 and a beta of 3.93.

Dave (NASDAQ:DAVE - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The fintech company reported $4.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $1.16. Dave had a net margin of 35.35% and a return on equity of 67.04%. The company had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, sell-side analysts predict that Dave Inc. will post 13.03 earnings per share for the current year.

Dave declared that its board has approved a stock repurchase plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DAVE. Citizens Jmp increased their price objective on shares of Dave from $310.00 to $335.00 and gave the stock a "market outperform" rating in a report on Friday, April 10th. Citigroup restated an "outperform" rating on shares of Dave in a report on Friday, April 10th. Keefe, Bruyette & Woods upped their price target on shares of Dave from $295.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday. Canaccord Genuity Group increased their price target on shares of Dave from $274.00 to $328.00 and gave the stock a "buy" rating in a research note on Tuesday, March 3rd. Finally, Lake Street Capital boosted their price objective on shares of Dave from $308.00 to $326.00 and gave the company a "buy" rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $319.63.

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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