State of Wyoming lowered its position in Dave Inc. (NASDAQ:DAVE – Free Report) by 55.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,304 shares of the fintech company’s stock after selling 2,899 shares during the quarter. State of Wyoming’s holdings in Dave were worth $741,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. raised its position in shares of Dave by 1.5% in the third quarter. SBI Securities Co. Ltd. now owns 1,812 shares of the fintech company’s stock worth $583,000 after buying an additional 27 shares in the last quarter. Allworth Financial LP grew its position in Dave by 25.4% during the second quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock worth $53,000 after buying an additional 29 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Dave by 12.6% during the third quarter. Nisa Investment Advisors LLC now owns 412 shares of the fintech company’s stock worth $132,000 after buying an additional 46 shares in the last quarter. Signaturefd LLC grew its position in Dave by 119.2% during the third quarter. Signaturefd LLC now owns 114 shares of the fintech company’s stock worth $37,000 after buying an additional 62 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Dave by 43.9% in the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 18.01% of the company’s stock.
Dave Stock Performance
Dave stock opened at $316.79 on Friday. The firm’s fifty day moving average price is $353.53 and its 200-day moving average price is $286.37. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. The stock has a market cap of $4.04 billion, a P/E ratio of 20.54 and a beta of 3.92. Dave Inc. has a fifty-two week low of $152.21 and a fifty-two week high of $458.25.
Dave (NASDAQ:DAVE – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%. The company had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, equities research analysts expect that Dave Inc. will post 13.04 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on DAVE. Monness Crespi & Hardt assumed coverage on Dave in a report on Monday, October 26th. They issued a “neutral” rating on the stock. Freedom Capital upgraded Dave to a “hold” rating in a research report on Thursday, July 30th. Wall Street Zen lowered Dave from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group restated a “buy” rating on shares of Dave in a research report on Thursday, October 1st. Finally, Piper Sandler assumed coverage on shares of Dave in a research report on Monday, August 17th. They issued an “overweight” rating and a $390.00 price objective on the stock. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $433.25.
Read Our Latest Report on DAVE
Dave Company Profile
Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.
Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.
Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.
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