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

State of Alaska Department of Revenue cut its position in shares of Dave Inc. (NASDAQ:DAVE) by 35.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in DAVE. GK Wealth Management LLC acquired a new position in Dave in the third quarter worth $34,000. Tidal Investments LLC raised its holdings in shares of Dave by 277.4% during the second quarter. Tidal Investments LLC now owns 5,200 shares of the fintech company’s stock worth $1,937,000 after purchasing an additional 3,822 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Dave during the second quarter worth $447,000. Integrated Wealth Concepts LLC bought a new position in shares of Dave in the 2nd quarter worth about $137,000. Finally, RFG Advisory LLC bought a new position in shares of Dave in the 2nd quarter worth about $1,146,000. 18.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Zacks Research lowered shares of Dave from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Citizens Jmp boosted their price objective on Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. B. Riley Financial increased their price objective on Dave from $370.00 to $449.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Freedom Capital upgraded Dave to a “hold” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dave has an average rating of “Moderate Buy” and a consensus price target of $433.25.

Dave Trading Up 1.2%

NASDAQ:DAVE opened at $363.67 on Wednesday. The stock has a fifty day simple moving average of $353.13 and a 200 day simple moving average of $321.20. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 25.39 and a beta of 3.92. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $458.25. 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 EPS for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). The firm had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave had a return on equity of 77.46% and a net margin of 34.58%. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Sell-side analysts forecast that Dave Inc. will post 13.04 earnings per share 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.