Dave Inc. $DAVE Shares Sold by Regal Partners Ltd

Regal Partners Ltd decreased its holdings in shares of Dave Inc. (NASDAQ:DAVE) by 80.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,981 shares of the fintech company’s stock after selling 12,020 shares during the quarter. Regal Partners Ltd’s holdings in Dave were worth $519,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WealthCollab LLC purchased a new position in shares of Dave in the second quarter worth about $30,000. National Bank of Canada FI purchased a new stake in Dave during the 3rd quarter valued at about $30,000. Blue Trust Inc. raised its holdings in Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after acquiring an additional 79 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Dave in the 4th quarter worth approximately $36,000. Finally, Westend Capital Management LLC lifted its stake in Dave by 100.0% in the 4th quarter. Westend Capital Management LLC now owns 200 shares of the fintech company’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DAVE. Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. UBS Group lifted their price objective on Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Citizens Jmp boosted their price objective on Dave from $365.00 to $450.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 9th. Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Finally, Canaccord Genuity Group raised their target price on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $379.40.

Dave Price Performance

Shares of DAVE stock opened at $406.45 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market capitalization of $5.17 billion, a PE ratio of 26.14 and a beta of 3.82. The firm’s 50-day moving average is $335.08 and its two-hundred day moving average is $251.65. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $458.25.

Dave (NASDAQ:DAVE) last posted its quarterly earnings results 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 analysts’ expectations 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. Analysts predict that Dave Inc. will post 15.66 earnings per share for the current year.

Insider Activity at Dave

In related 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 value of $68,103.75. Following the completion of the transaction, the director directly owned 5,466 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their position. The SEC filing for this sale provides additional information. 28.48% of the stock is currently owned by 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.