17,204 Shares of Dave Inc. $DAVE Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. bought a new position in Dave Inc. (NASDAQ:DAVE) during the 3rd quarter, Holdings Channel reports. The fund bought 17,204 shares of the fintech company’s stock, valued at approximately $5,842,000.

A number of other hedge funds also recently made changes to their positions in the company. GK Wealth Management LLC bought a new position in Dave during the third quarter valued at approximately $34,000. Tidal Investments LLC grew its holdings in Dave by 277.4% during the 2nd quarter. Tidal Investments LLC now owns 5,200 shares of the fintech company’s stock valued at $1,937,000 after buying an additional 3,822 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Dave during the 2nd quarter valued at approximately $447,000. Integrated Wealth Concepts LLC bought a new stake in Dave in the 2nd quarter worth approximately $137,000. Finally, RFG Advisory LLC bought a new stake in Dave in the 2nd quarter worth approximately $1,146,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DAVE has been the topic of several recent research reports. Benchmark upped their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Freedom Capital raised shares of Dave to a “hold” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of Dave in a report on Tuesday, September 15th. They issued an “overweight” rating and a $480.00 target price for the company. Weiss Ratings upgraded shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Finally, Loop Capital began coverage on shares of Dave in a research note on Wednesday, September 9th. They set a “buy” rating and a $500.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $433.25.

Dave Stock Down 2.2%

Shares of DAVE opened at $359.46 on Tuesday. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average of $352.06 and a 200 day moving average of $319.86. The company has a market cap of $4.59 billion, a PE ratio of 23.31 and a beta of 3.92. Dave Inc. has a 52-week low of $152.21 and a 52-week high of $458.25.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The firm had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, sell-side analysts expect that Dave Inc. will post 13.04 EPS for the current year.

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.