F m Investments LLC Invests $3.89 Million in Dave Inc. $DAVE

F m Investments LLC purchased a new position in shares of Dave Inc. (NASDAQ:DAVE) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 17,578 shares of the fintech company’s stock, valued at approximately $3,892,000.

Other institutional investors have also modified their holdings of the company. WealthCollab LLC purchased a new position in shares of Dave during the 2nd quarter worth $30,000. National Bank of Canada FI purchased a new stake in Dave in the 3rd quarter valued at about $30,000. Blue Trust Inc. raised its holdings in Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after buying an additional 79 shares during the period. Westend Capital Management LLC raised its holdings in Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after buying an additional 100 shares during the period. Finally, Comerica Bank raised its holdings in Dave by 228.2% in the 4th quarter. Comerica Bank now owns 384 shares of the fintech company’s stock valued at $85,000 after buying an additional 267 shares during the period. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Wall Street Analysts Forecast Growth

DAVE has been the topic of several research analyst reports. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Dave in a report on Friday, April 24th. B. Riley Financial boosted their price objective on shares of Dave from $297.00 to $303.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Lake Street Capital reaffirmed a “buy” rating and issued a $332.00 target price on shares of Dave in a research report on Wednesday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Dave in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $325.88.

Dave Stock Performance

Shares of Dave stock opened at $256.33 on Friday. Dave Inc. has a one year low of $149.20 and a one year high of $287.69. The company has a market cap of $3.48 billion, a PE ratio of 16.48 and a beta of 3.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.83 and a current ratio of 3.86. The business has a 50-day simple moving average of $215.98 and a 200-day simple moving average of $209.25.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data 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 business had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities research analysts forecast that Dave Inc. will post 13.03 EPS for the current fiscal year.

Dave declared that its Board of Directors has approved a share buyback program on Monday, March 2nd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the fintech company to purchase up to 11.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Analysts see meaningful upside in Dave Inc. shares, with the consensus price target suggesting roughly 30.5% potential gains if the company continues to deliver on earnings expectations. Article title
• Neutral Sentiment: Most of the other headlines in the feed refer to unrelated people named “Dave” and do not appear to have any direct impact on Dave Inc. Article title
• Neutral Sentiment: These unrelated entertainment and news items should not materially affect the stock’s fundamentals or trading outlook. Article title

Dave 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.