Peregrine Capital Management LLC Reduces Position in Dave Inc. $DAVE

Peregrine Capital Management LLC lowered its position in shares of Dave Inc. (NASDAQ:DAVE) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,645 shares of the fintech company’s stock after selling 1,585 shares during the period. Peregrine Capital Management LLC owned 0.27% of Dave worth $6,380,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DAVE. Divisadero Street Capital Management LP lifted its holdings in Dave by 73.1% during the 3rd quarter. Divisadero Street Capital Management LP now owns 925,266 shares of the fintech company’s stock worth $184,452,000 after buying an additional 390,676 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Dave by 819.3% during the third quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after purchasing an additional 186,273 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in Dave during the third quarter worth approximately $26,726,000. Jefferies Financial Group Inc. acquired a new position in Dave in the fourth quarter valued at approximately $27,874,000. Finally, Wellington Management Group LLP boosted its holdings in Dave by 200.7% in the third quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after purchasing an additional 118,203 shares in the last quarter. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Benchmark raised its price target on Dave Inc. to $475 from $345 and kept a positive view, reinforcing bullish sentiment around the stock. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Investors are also reacting to Dave’s strong first-quarter results, with revenue up 47% year over year and profitability improving sharply, which supports the company’s growth story. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates
• Positive Sentiment: Recent guidance increases for 2026 revenue, adjusted EBITDA, and adjusted EPS continue to suggest management sees sustained momentum ahead. Dave Stock Outlook as CashAI and ExtraCash Fuel 2026 Momentum
• Positive Sentiment: The company’s shift to a bank-partnership funding model for ExtraCash may improve capital efficiency, lower funding costs, and unlock more than $200 million in liquidity, which investors may view as a meaningful balance-sheet catalyst. Dave shares climb as analyst target hike adds to momentum from recent capital and earnings updates

Dave Trading Up 2.8%

DAVE opened at $383.13 on Thursday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave Inc. has a 52 week low of $152.21 and a 52 week high of $404.44. The business’s 50 day moving average is $277.41 and its two-hundred day moving average is $226.08. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 24.64 and a beta of 3.82.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.78. The business had revenue of $158.41 million during the quarter, compared to the consensus estimate of $153.67 million. Dave had a return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, research analysts predict that Dave Inc. will post 15.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DAVE. Citizens Jmp raised 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. Barrington Research upped their target price on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Benchmark increased their target price on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore began coverage on shares of Dave in a research note on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target on the stock. Finally, UBS Group assumed coverage on shares of Dave in a research report on Tuesday, May 26th. They issued a “buy” rating and a $300.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Dave has an average rating of “Buy” and a consensus price target of $338.40.

Insiders Place Their Bets

In other news, Director Dan Preston sold 275 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the sale, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This trade represents a 2.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 28.48% of the stock is owned by corporate insiders.

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.