Dave Inc. $DAVE Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Dave Inc. (NASDAQ:DAVE) by 35.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,963 shares of the fintech company’s stock after selling 2,215 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dave were worth $1,273,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. GK Wealth Management LLC acquired a new stake in Dave in the third quarter valued at approximately $34,000. Allworth Financial LP grew its holdings in Dave by 25.4% during the second quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock valued at $53,000 after purchasing an additional 29 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Dave by 43.9% in the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock valued at $83,000 after purchasing an additional 68 shares during the period. Integrated Wealth Concepts LLC bought a new position in shares of Dave in the second quarter valued at approximately $137,000. Finally, New York State Teachers Retirement System lifted its stake in shares of Dave by 13.8% in the first quarter. New York State Teachers Retirement System now owns 956 shares of the fintech company’s stock worth $166,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Stock Up 1.2%

Shares of DAVE stock opened at $363.67 on Wednesday. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $458.25. The firm has a market cap of $4.64 billion, a PE ratio of 25.39 and a beta of 3.92. The stock has a 50 day moving average of $353.13 and a 200-day moving average of $321.20. 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 (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 the consensus estimate of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The business had revenue of $170.79 million during 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, equities analysts predict that Dave Inc. will post 13.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DAVE. Freedom Capital raised shares of Dave to a “hold” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods lifted their target price on shares of Dave from $485.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. UBS Group reissued a “buy” rating on shares of Dave in a research report on Thursday, October 1st. Canaccord Genuity Group upped their price target on shares of Dave from $342.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $422.00 price target on shares of Dave in a research report on Thursday, October 8th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $433.25.

Dave 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.