SG Americas Securities LLC Raises Stock Holdings in Dave Inc. $DAVE

SG Americas Securities LLC grew its position in Dave Inc. (NASDAQ:DAVE) by 2,267.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 88,552 shares of the fintech company’s stock after acquiring an additional 84,811 shares during the quarter. SG Americas Securities LLC’s holdings in Dave were worth $19,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DAVE. WealthCollab LLC acquired a new position in shares of Dave in the 2nd quarter valued at $30,000. National Bank of Canada FI acquired a new stake in Dave during the 3rd quarter worth $30,000. Exchange Traded Concepts LLC purchased a new position in Dave during the 3rd quarter worth $47,000. Team Financial Group LLC purchased a new position in Dave during the 3rd quarter worth $54,000. Finally, State of Alaska Department of Revenue acquired a new position in Dave in the third quarter valued at $97,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DAVE shares. Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Weiss Ratings cut Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. Lake Street Capital upped their price objective on Dave from $308.00 to $326.00 and gave the company a “buy” rating in a research note on Tuesday, March 3rd. Wall Street Zen cut Dave from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, UBS Group reiterated a “neutral” rating on shares of Dave in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Dave has a consensus rating of “Moderate Buy” and a consensus target price of $312.13.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Company expanding AI-powered credit tools (Cash AI upgrades, ExtraCash) that management says boost approvals, reduce risk and improve engagement — a clear product/monetization positive. DAVE Expands AI-Driven Credit Features
• Positive Sentiment: Coverage and analyst support: recent writeups highlight AI integration and new product plans; William Blair reiterated an Outperform after meeting CFO — supports the growth narrative. Dave Inc. Explodes on AI Integration
• Neutral Sentiment: Many recent media hits in the feed are about unrelated people named “Dave” (Ramsey, Davies, Roberts) and don’t affect the company’s fundamentals or outlook. Dave Ramsey story
• Neutral Sentiment: Trading volume today was below the stock’s average, suggesting the move may lack broad conviction. DAVE trading data
• Negative Sentiment: Technical/volatility headwinds: price is below both the 50‑day and 200‑day moving averages and DAVE’s high beta makes it more sensitive to market/sector swings — common drivers of short‑term declines.

Dave Stock Down 2.3%

Shares of NASDAQ:DAVE opened at $174.95 on Friday. Dave Inc. has a fifty-two week low of $65.46 and a fifty-two week high of $286.45. The firm’s 50-day simple moving average is $189.57 and its 200-day simple moving average is $207.35. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 12.96 and a beta of 3.86.

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

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.