Vanguard Group Inc. Boosts Stock Position in Dave Inc. $DAVE

Vanguard Group Inc. increased its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 10.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,293 shares of the fintech company’s stock after buying an additional 59,774 shares during the period. Vanguard Group Inc.’s holdings in Dave were worth $130,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its position in shares of Dave by 5,603.0% in the third quarter. Voya Investment Management LLC now owns 144,285 shares of the fintech company’s stock valued at $28,763,000 after purchasing an additional 141,755 shares during the period. Invesco Ltd. lifted its stake in Dave by 2,379.9% in the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock valued at $26,166,000 after buying an additional 93,554 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Dave by 14,074.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 84,766 shares of the fintech company’s stock valued at $22,752,000 after buying an additional 84,168 shares in the last quarter. Mane Global Capital Management LP acquired a new stake in Dave in the 2nd quarter worth about $20,035,000. Finally, Azora Capital LP purchased a new stake in Dave during the 2nd quarter worth approximately $19,037,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q4 & full‑year results topped estimates: Dave reported strong Q4 revenue (+62% YoY to $163.7M) and EPS that beat consensus, with margin expansion and sizeable net income/Adj. EBITDA growth — a key catalyst for bullish investor sentiment. Earnings Release
• Positive Sentiment: Management raised FY2026 guidance well above Street expectations (EPS guidance ~14.0–15.0 vs. consensus ~12.27; revenue guidance $690–710M vs. ~$643M), which supports upward price momentum and makes analyst upgrades more credible.
• Positive Sentiment: Board authorized a $300M share‑repurchase program (up to ~11.2% of shares), signaling the board views the stock as undervalued and providing direct demand for shares. Buyback Announcement
• Positive Sentiment: Multiple analysts raised price targets or reaffirmed bullish ratings this week (e.g., Barrington reaffirmed Outperform/$290 PT; other firms raised targets substantially), reinforcing buy-side interest and supporting the rally. Barrington Note
• Neutral Sentiment: Company announced a proposed $150M convertible senior note offering due 2031, with planned capped‑call hedges and stated intent to use proceeds for capped calls, share repurchases and general corporate purposes — the package aims to fund repurchases but introduces complexity and potential volatility around hedging. Convertible Notes Release
• Negative Sentiment: Significant insider selling activity noted in recent filings (multiple executives sold shares), which can concern some investors about insider conviction despite management communications. Quiver/Insider Data

Insider Activity

In other news, Director Imran Khan sold 1,146 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 97,771 shares of company stock valued at $19,194,391. 28.48% of the stock is currently owned by insiders.

Dave Price Performance

DAVE stock opened at $208.76 on Wednesday. Dave Inc. has a 52-week low of $65.46 and a 52-week high of $286.45. The business has a fifty day moving average of $194.07 and a two-hundred day moving average of $206.61. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 15.46 and a beta of 3.86. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26.

Dave announced that its board has initiated a stock buyback plan on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Canaccord Genuity Group raised their price objective on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen raised shares of Dave from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Keefe, Bruyette & Woods raised their price target on shares of Dave from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Benchmark reiterated a “buy” rating on shares of Dave in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.13.

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.