Vanguard Group Inc. Raises Holdings in Dave Inc. $DAVE

Vanguard Group Inc. boosted its stake in shares of Dave Inc. (NASDAQ:DAVE) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 655,293 shares of the fintech company’s stock after buying an additional 59,774 shares during the period. Vanguard Group Inc. owned 4.85% of Dave worth $130,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. WealthCollab LLC purchased a new position in Dave in the second quarter valued at about $30,000. Nisa Investment Advisors LLC lifted its position in Dave by 4,933.3% during the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after acquiring an additional 148 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Dave in the third quarter worth $47,000. Team Financial Group LLC purchased a new stake in shares of Dave during the 3rd quarter valued at $54,000. Finally, KBC Group NV acquired a new stake in shares of Dave in the 2nd quarter worth $85,000. 18.01% of the stock is owned by institutional investors.

Dave Stock Performance

Shares of 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 company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. The stock has a market cap of $2.82 billion, a PE ratio of 15.46 and a beta of 3.86. The business has a 50-day simple moving average of $194.07 and a 200-day simple moving average of $206.61.

Dave declared that its board has authorized a share repurchase program on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Dave

In related news, Director Imran Khan sold 1,146 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $204.00, for a total transaction of $233,784.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 97,771 shares of company stock worth $19,194,391 over the last quarter. Corporate insiders own 28.48% 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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DAVE. Weiss Ratings lowered Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research report on Wednesday, November 5th. Citizens Jmp set a $310.00 target price on shares of Dave in a research report on Wednesday, November 5th. Canaccord Genuity Group raised their price target on shares of Dave from $274.00 to $328.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Dave from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.13.

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.