Calamos Advisors LLC Cuts Stock Holdings in Dave Inc. $DAVE

Calamos Advisors LLC decreased its position in Dave Inc. (NASDAQ:DAVE) by 15.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 35,826 shares of the fintech company’s stock after selling 6,724 shares during the quarter. Calamos Advisors LLC’s holdings in Dave were worth $6,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DAVE. WealthCollab LLC purchased a new position in shares of Dave in the 2nd quarter worth approximately $30,000. National Bank of Canada FI purchased a new stake in shares of Dave during the third quarter valued at approximately $30,000. Blue Trust Inc. lifted its holdings in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after acquiring an additional 79 shares during the period. Kestra Advisory Services LLC bought a new stake in Dave during the fourth quarter worth $36,000. Finally, Westend Capital Management LLC boosted its position in Dave by 100.0% in the fourth quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Dave Price Performance

Dave stock opened at $417.00 on Wednesday. The business’s 50 day simple moving average is $298.85 and its 200 day simple moving average is $237.72. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $419.86. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 26.82 and a beta of 3.82. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.78. The business had revenue of $158.41 million during the quarter, compared to the consensus estimate of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Sell-side analysts forecast that Dave Inc. will post 15.45 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on DAVE. Weiss Ratings downgraded Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 30th. Keefe, Bruyette & Woods lifted their target price on Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research note on Monday. Lake Street Capital reissued a “buy” rating and issued a $332.00 price target on shares of Dave in a report on Wednesday, May 6th. Canaccord Genuity Group increased their price target on shares of Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, B. Riley Financial raised their price objective on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $379.40.

Insider Buying and Selling at Dave

In other news, Director Dan Preston sold 275 shares of the stock in a transaction on Thursday, June 4th. The stock was 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 represents a 4.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $2,330,773.70. Following the completion of the sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 28.48% of the stock is currently owned by corporate insiders.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: UBS raised its price target on Dave from $300 to $470 and kept a buy rating, reinforcing the view that the stock still has room to run after its strong recent move. Benzinga
• Positive Sentiment: Investors are also reacting to recent company-specific positives, including the appointment of a new CTO focused on AI underwriting and payments infrastructure, plus the transition of ExtraCash originations to Coastal Community Bank, which could reduce funding costs and free up liquidity. Quiver Quantitative
• Positive Sentiment: Recent articles have highlighted Dave’s strong 2026 operating momentum, including rapid revenue growth, low delinquency trends, and improving monetization from its CashAI underwriting system, which supports the bullish narrative. Zacks
• Neutral Sentiment: Dave has also been hitting fresh highs, and elevated short interest may be adding fuel to the rally as buying pressure forces bearish traders to cover positions.

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.