38,230 Shares in Dave Inc. $DAVE Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC bought a new position in shares of Dave Inc. (NASDAQ:DAVE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,230 shares of the fintech company’s stock, valued at approximately $8,465,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Moran Wealth Management LLC increased its position in Dave by 8.1% during the 4th quarter. Moran Wealth Management LLC now owns 4,501 shares of the fintech company’s stock worth $997,000 after purchasing an additional 339 shares in the last quarter. State of Alaska Department of Revenue increased its position in Dave by 463.5% during the 4th quarter. State of Alaska Department of Revenue now owns 2,761 shares of the fintech company’s stock worth $610,000 after purchasing an additional 2,271 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in Dave during the 4th quarter worth approximately $487,000. Massachusetts Financial Services Co. MA acquired a new stake in Dave during the 4th quarter worth approximately $375,000. Finally, Toth Financial Advisory Corp acquired a new stake in Dave during the 4th quarter worth approximately $310,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Stock Down 2.7%

Shares of NASDAQ:DAVE opened at $274.35 on Friday. Dave Inc. has a 52-week low of $85.58 and a 52-week high of $287.69. The company has a 50 day moving average of $201.59 and a two-hundred day moving average of $205.99. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 20.32 and a beta of 3.81.

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.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlights Dave as a leading name in the Technology Services/fintech space, citing industry tailwinds (remote work/tech adoption) that could support revenue and cash-flow improvement. Read More.
• Positive Sentiment: Zacks published pieces labeling DAVE a strong momentum stock and noting it recently hit a 52-week high—signals that institutional/momentum flows have been supporting the stock. Read More.
• Neutral Sentiment: Dave scheduled its Q1 2026 earnings release and conference call for May 5 (results and guidance will be the next major catalyst and a common reason for pre-earnings volatility). Read More.
• Neutral Sentiment: Recent analyst commentary (Zacks) supports the growth/momentum narrative, but those pieces also raise the question of whether the run can continue—introducing both upside if results surprise and downside if guidance disappoints. Read More.
• Neutral Sentiment: Other news items in the feed (multiple obituaries and entertainment pieces about musicians named “Dave”) are unrelated to Dave Inc.’s business and unlikely to move the stock. Read More. Read More.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Lake Street Capital increased their target price on shares of Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Weiss Ratings downgraded shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods increased their target price on shares of Dave from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Barrington Research reissued an “outperform” rating and set a $290.00 target price on shares of Dave in a research report on Tuesday, March 10th. Finally, Zacks Research raised shares of Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $315.25.

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.