Dave Inc. $DAVE Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its stake in shares of Dave Inc. (NASDAQ:DAVE) by 4.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 36,645 shares of the fintech company’s stock after selling 1,585 shares during the quarter. Peregrine Capital Management LLC’s holdings in Dave were worth $6,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Dave by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after buying an additional 65 shares during the period. Prudential Financial Inc. acquired a new stake in shares of Dave in the 2nd quarter worth $324,000. Invesco Ltd. boosted its holdings in shares of Dave by 2,379.9% in the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after acquiring an additional 93,554 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Dave during the second quarter worth about $18,710,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Dave during the second quarter worth about $402,000. 18.01% of the stock is owned by institutional investors and hedge funds.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Benchmark raised its price target on Dave Inc. to $475 from $345 and kept a positive view, reinforcing bullish sentiment around the stock. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Investors are also reacting to Dave’s strong first-quarter results, with revenue up 47% year over year and profitability improving sharply, which supports the company’s growth story. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Recent guidance increases for 2026 revenue, adjusted EBITDA, and adjusted EPS continue to suggest management sees sustained momentum ahead. Dave Stock Outlook as CashAI and ExtraCash Fuel 2026 Momentum
• Positive Sentiment: The company’s shift to a bank-partnership funding model for ExtraCash may improve capital efficiency, lower funding costs, and unlock more than $200 million in liquidity, which investors may view as a meaningful balance-sheet catalyst. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates

Dave Stock Up 2.8%

Shares of NASDAQ DAVE opened at $383.13 on Thursday. The firm’s 50-day moving average is $277.41 and its two-hundred day moving average is $226.08. The company has a market capitalization of $4.87 billion, a PE ratio of 24.64 and a beta of 3.82. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $404.44. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The business had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Equities analysts anticipate that Dave Inc. will post 15.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Citizens Jmp raised their price objective on shares of Dave from $335.00 to $365.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 6th. William Blair reiterated an “accumulate” rating on shares of Dave in a research report on Friday, March 13th. Wall Street Zen downgraded Dave from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Keefe, Bruyette & Woods raised their price target on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Finally, Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Dave currently has a consensus rating of “Buy” and an average price target of $338.40.

Insider Buying and Selling at Dave

In related news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the sale, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the completion of the transaction, the director owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 28.48% of the company’s stock.

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.