One Capital Management LLC Invests $2.06 Million in Dave Inc. $DAVE

One Capital Management LLC acquired a new position in shares of Dave Inc. (NASDAQ:DAVE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,280 shares of the fintech company’s stock, valued at approximately $2,055,000. One Capital Management LLC owned 0.07% of Dave at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Dave by 266.0% during the 4th quarter. BNP Paribas Financial Markets now owns 54,669 shares of the fintech company’s stock worth $12,104,000 after acquiring an additional 39,734 shares during the period. Future Fund LLC purchased a new position in shares of Dave during the 4th quarter worth about $2,055,000. Intech Investment Management LLC lifted its holdings in shares of Dave by 47.7% during the 4th quarter. Intech Investment Management LLC now owns 5,434 shares of the fintech company’s stock worth $1,203,000 after acquiring an additional 1,755 shares during the period. Arista Wealth Management LLC purchased a new position in shares of Dave during the 4th quarter worth about $288,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Dave by 31.1% during the 4th quarter. Geode Capital Management LLC now owns 318,295 shares of the fintech company’s stock worth $70,483,000 after acquiring an additional 75,576 shares during the period. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Dave Trading Down 5.6%

NASDAQ DAVE opened at $266.83 on Wednesday. Dave Inc. has a one year low of $152.21 and a one year high of $293.90. The company’s 50 day moving average price is $229.50 and its 200 day moving average price is $210.58. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 17.16 and a beta of 3.87.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating the consensus estimate of $2.86 by $0.78. Dave had a net margin of 37.22% and a return on equity of 77.70%. The firm had revenue of $158.41 million for the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, sell-side analysts predict that Dave Inc. will post 14.7 EPS for the current year.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DAVE. Citizens Jmp increased their price objective on shares of Dave from $335.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Dave from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Barrington Research reiterated an “outperform” rating and set a $290.00 price objective on shares of Dave in a report on Wednesday, May 20th. Evercore assumed coverage on shares of Dave in a report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price objective on the stock. Finally, Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Dave presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.40.

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.