Strs Ohio Purchases 4,200 Shares of Dave Inc. $DAVE

Strs Ohio increased its holdings in Dave Inc. (NASDAQ:DAVE) by 1,400.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,500 shares of the fintech company’s stock after purchasing an additional 4,200 shares during the period. Strs Ohio’s holdings in Dave were worth $996,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in Dave by 22.7% during the third quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock valued at $13,514,000 after purchasing an additional 12,555 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Dave by 2,267.1% in the 4th quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock worth $19,606,000 after buying an additional 84,811 shares during the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Dave during the 3rd quarter valued at about $1,826,000. Robeco Institutional Asset Management B.V. raised its position in shares of Dave by 81.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,375 shares of the fintech company’s stock valued at $3,862,000 after buying an additional 8,681 shares in the last quarter. Finally, Wilson Asset Management International PTY Ltd. bought a new position in shares of Dave in the 3rd quarter valued at about $1,561,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Dave Trading Down 6.6%

DAVE stock opened at $246.37 on Thursday. The stock has a market cap of $3.34 billion, a PE ratio of 15.84 and a beta of 3.93. Dave Inc. has a 12 month low of $105.83 and a 12 month high of $287.69. The company has a 50-day moving average price of $214.38 and a 200 day moving average price of $208.95.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 72.06%. The business had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Sell-side analysts forecast that Dave Inc. will post 13.03 EPS for the current year.

Dave declared that its Board of Directors has approved a stock buyback plan on Monday, March 2nd that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the fintech company to buy up to 11.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q1 results: Revenue grew 47% Y/Y to $158.4M, net income rose ~101% to $57.9M, net monetization expanded to 5.1% and credit performance hit record Q1 lows (28‑DPD 1.69%). Company‑reported EPS beat estimates. Dave Reports First Quarter 2026 Financial Results
• Positive Sentiment: FY2026 guidance raised: Dave set EPS of $16.25–$16.75 (well above consensus ~14.42) and revenue guidance of $710–$720M (vs. consensus ~698.3M), signaling stronger forward profitability. Guidance in Q1 Release
• Positive Sentiment: Capital return: Company deployed about $195M in share repurchases (~7.0% of shares outstanding) during the quarter, which is supportive of EPS and signals management confidence. Buyback Details
• Positive Sentiment: Analyst upgrade/target lift: Citizens JMP raised its price target from $335 to $365 and kept a “market outperform” rating, implying substantial upside from current levels. Benzinga
• Positive Sentiment: Third‑party coverage: Zacks and other outlets highlighted the quarter as an upside surprise on both earnings and revenue (Zacks reports an EPS beat vs. consensus). Zacks: Q1 Earnings and Revenues Surpass Estimates
• Neutral Sentiment: Unrelated media: A piece about the musician Dave Matthews and a music festival appeared in the news feed but is not company‑related. USA Today: Dave Matthews Band

Analyst Ratings Changes

DAVE has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dave in a research report on Friday, April 24th. Keefe, Bruyette & Woods raised their price objective on Dave from $295.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday. Citigroup reiterated an “outperform” rating on shares of Dave in a report on Wednesday. UBS Group reissued a “neutral” rating on shares of Dave in a research report on Friday, March 13th. Finally, Barrington Research restated an “outperform” rating and set a $290.00 price target on shares of Dave in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.88.

Dave Company 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.