FNY Investment Advisers LLC Acquires Shares of 2,000 Dave Inc. $DAVE

Posted by Francis Steltz on Aug 7th, 2026

FNY Investment Advisers LLC bought a new position in Dave Inc. (NASDAQ:DAVE – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,000 shares of the fintech company’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DAVE. WealthCollab LLC purchased a new stake in shares of Dave during the second quarter valued at $30,000. National Bank of Canada FI purchased a new position in Dave in the 3rd quarter worth about $30,000. Blue Trust Inc. increased its stake in Dave by 106.8% in the 4th quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock worth $34,000 after buying an additional 79 shares during the period. Kestra Advisory Services LLC bought a new stake in Dave during the 4th quarter valued at about $36,000. Finally, Harbour Investments Inc. bought a new stake in Dave during the 4th quarter valued at about $66,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Insider Activity at Dave

In related news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the transaction, the chief executive officer directly owned 299,950 shares of the company’s stock, valued at $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dan Preston sold 275 shares of Dave stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $247.65, for a total transaction of $68,103.75. Following the transaction, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 23.59% of the stock is currently owned by corporate insiders.

Key Dave News

Here are the key news stories impacting Dave this week:

Positive Sentiment: Dave raised its 2026 outlook to revenue of $725 million-$735 million and adjusted diluted EPS of $17.00-$17.50, above analyst estimates of approximately $714.7 million and $16.36, respectively. Management expects growth from CashAI v6, higher ExtraCash limits and increased second-half marketing. Dave raises 2026 guidance
Positive Sentiment: Second-quarter revenue grew 30% year over year to $170.8 million, while adjusted EBITDA rose 48% to $75.5 million, representing a 44% margin. ExtraCash originations increased 27% to $2.3 billion, and the 28-day delinquency rate improved to 2.12%. Dave second-quarter financial results
Positive Sentiment: Analysts became more bullish following the update. B. Riley raised its price target to $449 and Keefe, Bruyette & Woods increased its target to $490; Citizens JMP lifted its target to $475. All three firms maintained positive ratings. Analyst price-target changes
Neutral Sentiment: Reported EPS figures varied depending on the accounting measure: Dave posted $0.49 in GAAP EPS, affected by $36.9 million of non-cash warrant and earnout remeasurement charges, while adjusted EPS was reported by Zacks at $4.12 versus a $3.69 consensus estimate. This difference may have contributed to investor uncertainty. Dave Q2 earnings report
Negative Sentiment: Despite improving credit performance and profitability, the GAAP EPS result was well below some published consensus estimates. Dave is also increasing marketing spending in the second half, which could raise near-term expenses and heighten execution risk. With the stock trading at a premium valuation, investors may have taken profits after the earnings release.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings downgraded shares of Dave from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday. Citizens Jmp raised their target price on shares of Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research report on Thursday. Lake Street Capital reaffirmed a “buy” rating and set a $450.00 price target on shares of Dave in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Benchmark increased their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $412.90.

Read Our Latest Report on DAVE

Dave Stock Performance

DAVE stock opened at $365.26 on Friday. 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 business has a 50-day moving average price of $355.83 and a 200 day moving average price of $260.65. The company has a market capitalization of $4.64 billion, a P/E ratio of 23.69 and a beta of 3.83. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $458.25.

Dave (NASDAQ:DAVE – Get Free Report) last issued its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). The business had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave had a return on equity of 72.34% and a net margin of 34.58%.Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, equities research analysts forecast that Dave Inc. will post 15.66 EPS for the current fiscal year.

About Dave

(Free Report)

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.