RFG Advisory LLC Purchases New Shares in Dave Inc. $DAVE

Key Points

• RFG Advisory LLC acquired 3,075 Dave shares worth approximately $1.15 million during the second quarter. Institutional investors and hedge funds collectively own 18.01% of the company.
• Dave reported quarterly EPS of $0.49, missing the $3.44 consensus estimate, while revenue of $170.79 million was slightly below expectations. The company issued fiscal 2026 EPS guidance of $17.00–$17.50.
• Analyst sentiment remains positive, with 13 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $418.25, versus the cited share price of $350.71.

RFG Advisory LLC acquired a new stake in Dave Inc. (NASDAQ:DAVE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,075 shares of the fintech company's stock, valued at approximately $1,146,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Dave by 92.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 8,273 shares of the fintech company's stock worth $1,440,000 after purchasing an additional 3,971 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Dave in the first quarter valued at approximately $1,835,000. Estuary Capital Management LP acquired a new stake in Dave during the first quarter worth approximately $20,556,000. Inspire Investing LLC bought a new position in Dave during the 1st quarter worth $1,371,000. Finally, Prospect Capital Advisors LLC raised its holdings in Dave by 39.4% in the 1st quarter. Prospect Capital Advisors LLC now owns 52,240 shares of the fintech company's stock valued at $9,094,000 after acquiring an additional 14,760 shares in the last quarter. Institutional investors and hedge funds own 18.01% of the company's stock.

Dave Stock Performance

Shares of Dave stock opened at $350.71 on Friday. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 22.74 and a beta of 3.83. The company's fifty day moving average is $377.68 and its 200 day moving average is $291.69. 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.

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

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Loop Capital initiated coverage with a Buy rating and a $500 price target, implying approximately 40% upside from the cited reference price. The endorsement could support DAVE by improving analyst visibility and reinforcing the bullish outlook for the fintech’s earnings growth. Loop Capital analyst coverage
• Neutral Sentiment: A market update reported short interest of zero shares as of September 10, unchanged from the prior report. Because the figures conflict with the description of a “large increase” and produce a zero-day short-interest ratio, the data appears to be an error and offers no dependable signal for DAVE investors.
• Neutral Sentiment: Several headlines concern unrelated entities, including Dave the Diver, Dave Matthews Band, Dave Winfield, Dave East, Dave’s Hot Chicken, and Dave & Buster’s. These stories are not connected to Dave Inc. and should not affect NASDAQ:DAVE.

Wall Street Analyst Weigh In

DAVE has been the topic of several analyst reports. Barrington Research increased their target price on Dave from $290.00 to $310.00 and gave the stock an "outperform" rating in a report on Friday, June 12th. Piper Sandler started coverage on shares of Dave in a research note on Monday, August 17th. They set an "overweight" rating and a $390.00 price objective on the stock. Citigroup restated an "outperform" rating on shares of Dave in a research report on Thursday, August 6th. Canaccord Genuity Group upped their price target on shares of Dave from $342.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Dave from $485.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $418.25.

Dave Profile

Dave Inc is a financial technology company that operates a digital banking platform designed to help consumers manage everyday finances. Through its mobile application, the company provides tools intended to support budgeting, spending, saving and access to short-term funds.

Dave's products include Dave Spending, a spending account and debit card offering, as well as budgeting and automatic savings features. Its ExtraCash product provides eligible users with access to advances intended to help manage short-term cash needs.

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