Sanctuary Advisors LLC Grows Position in Dave Inc. $DAVE

Sanctuary Advisors LLC increased its holdings in Dave Inc. (NASDAQ:DAVE) by 69.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,707 shares of the fintech company’s stock after acquiring an additional 2,336 shares during the quarter. Sanctuary Advisors LLC’s holdings in Dave were worth $994,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DAVE. WealthCollab LLC purchased a new stake in Dave in the 2nd quarter valued at approximately $30,000. National Bank of Canada FI purchased a new position in shares of Dave during the 3rd quarter worth $30,000. Blue Trust Inc. boosted its holdings in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after purchasing an additional 79 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Dave in the fourth quarter valued at $36,000. Finally, Westend Capital Management LLC grew its holdings in Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock valued at $44,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc. was upgraded to a Strong Buy by Zacks, reflecting improving earnings expectations and potentially drawing more investor interest. DAVE INC (DAVE) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Analysts say Dave’s rapid growth, improving credit performance, and broader product offerings give it an edge over competitors. Toast vs. Dave: Which Fintech Disruptor Is Better for Investors Now?
• Positive Sentiment: Dave is being flagged as a candidate to beat upcoming earnings estimates again, which could reinforce the stock’s momentum if results come in strong. Will DAVE INC (DAVE) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: A report noted a sharp increase in short interest, but the data appears unreliable because it shows zero shares and a zero days-to-cover ratio, so it is unlikely to be a meaningful driver. Short Interest Update
• Neutral Sentiment: One market commentary highlighted that Dave shares have been strong year to date, but this was mostly a performance recap rather than a new catalyst. Financials Sector Catalyst Sees Dave Shares up 91% YTD

Insider Activity

In other Dave news, Director Dan Preston sold 275 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total transaction of $68,103.75. Following the transaction, the director owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jason Wilk sold 8,474 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total value of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This 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 insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DAVE shares. Benchmark increased their target price on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Lake Street Capital reissued a “buy” rating and issued a $332.00 price objective on shares of Dave in a research report on Wednesday, May 6th. UBS Group raised their target price on shares of Dave from $300.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Citigroup reiterated an “outperform” rating on shares of Dave in a report on Thursday, July 9th. Finally, Barrington Research raised their price objective on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $379.40.

Dave Stock Down 1.4%

DAVE stock opened at $402.81 on Friday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The firm has a 50 day simple moving average of $328.44 and a 200-day simple moving average of $249.10. The company has a market capitalization of $5.12 billion, a P/E ratio of 25.90 and a beta of 3.82. Dave Inc. has a twelve month low of $152.21 and a twelve month high of $458.25.

Dave (NASDAQ:DAVE) last posted its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. The firm had revenue of $158.41 million for the quarter, compared to the consensus estimate of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities research analysts predict that Dave Inc. will post 15.66 earnings per share for the current fiscal year.

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.