Jefferies Financial Group Inc. Invests $27.87 Million in Dave Inc. $DAVE

Jefferies Financial Group Inc. bought a new position in shares of Dave Inc. (NASDAQ:DAVE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 125,891 shares of the fintech company’s stock, valued at approximately $27,874,000. Jefferies Financial Group Inc. owned 0.93% of Dave at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DAVE. Divisadero Street Capital Management LP increased its stake in Dave by 73.1% during the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after acquiring an additional 390,676 shares during the period. Ameriprise Financial Inc. increased its stake in Dave by 819.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after acquiring an additional 186,273 shares during the period. Neuberger Berman Group LLC bought a new position in Dave during the 3rd quarter worth $26,726,000. Wellington Management Group LLP increased its stake in Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock worth $35,305,000 after acquiring an additional 118,203 shares during the period. Finally, Invesco Ltd. increased its stake in Dave by 2,379.9% during the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after acquiring an additional 93,554 shares during the period. Institutional investors own 18.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Canaccord Genuity Group raised their price objective on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Keefe, Bruyette & Woods raised their price objective on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Barrington Research restated an “outperform” rating and set a $290.00 price objective on shares of Dave in a research note on Wednesday. Finally, Citizens Jmp raised their price objective on Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.88.

Dave Trading Down 5.2%

Shares of DAVE stock opened at $228.46 on Friday. The stock’s fifty day moving average price is $223.37 and its two-hundred day moving average price is $209.79. The company has a market cap of $2.90 billion, a PE ratio of 14.69 and a beta of 3.93. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $287.69. 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) last issued 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 $158.40 million for the quarter, compared to the consensus estimate of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Equities analysts predict that Dave Inc. will post 14.49 EPS for the current fiscal year.

Dave announced that its board has authorized a stock buyback plan on Monday, March 2nd that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

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.