1,900 Shares in Dave Inc. $DAVE Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB acquired a new position in Dave Inc. (NASDAQ:DAVE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,900 shares of the fintech company’s stock, valued at approximately $421,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP grew its position in Dave by 73.1% in the third 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. Vanguard Group Inc. grew its position in Dave by 4.7% in the fourth quarter. Vanguard Group Inc. now owns 685,839 shares of the fintech company’s stock worth $151,852,000 after acquiring an additional 30,546 shares during the period. American Century Companies Inc. grew its position in Dave by 17.1% in the third quarter. American Century Companies Inc. now owns 229,693 shares of the fintech company’s stock worth $45,790,000 after acquiring an additional 33,492 shares during the period. Ameriprise Financial Inc. grew its position in Dave by 819.3% in the third 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. Finally, Wellington Management Group LLP grew its position in Dave by 200.7% in the third 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. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on DAVE. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Lake Street Capital reiterated a “buy” rating and issued a $332.00 price objective on shares of Dave in a research report on Wednesday, May 6th. Wall Street Zen lowered Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. UBS Group assumed coverage on Dave in a research note on Tuesday. They set a “buy” rating and a $300.00 price target on the stock. Finally, Canaccord Genuity Group upped their price target on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

Dave Stock Up 4.9%

NASDAQ:DAVE opened at $268.82 on Friday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. The stock’s fifty day moving average is $226.53 and its two-hundred day moving average is $210.04. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $287.69. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 17.29 and a beta of 3.93.

Dave (NASDAQ:DAVE) 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 return on equity of 77.70% and a net margin of 37.22%.The company had revenue of $158.40 million for the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Research analysts anticipate that Dave Inc. will post 14.49 EPS for the current year.

Dave announced that its Board of Directors has initiated 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave will be added to the S&P SmallCap 600 Index on June 1, a notable milestone that should increase institutional visibility and may create incremental demand from index-tracking funds. Dave To Join S&P SmallCap 600 Index
• Positive Sentiment: UBS initiated coverage with a buy rating and a $300 price target, reinforcing the bullish case after the stock’s strong run. UBS Initiates Coverage on Dave
• Positive Sentiment: Dave was also added to Zacks’ Rank #1 (Strong Buy) list, adding another supportive analyst signal for the fintech name. New Strong Buy Stocks for May 27th
• Neutral Sentiment: The company’s latest reported quarter was strong, with revenue up 46.7% year over year to $158.4 million and earnings beating expectations, which supports the long-term growth narrative.
• Neutral Sentiment: Recent insider sales remain a background overhang, with no insider purchases reported in the past six months, though the market appears focused more on the index inclusion and analyst upgrades today.

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.