LTS Liquid Investments LLC Invests $834,000 in Dave Inc. $DAVE

LTS Liquid Investments LLC acquired a new position in 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 firm acquired 3,768 shares of the fintech company’s stock, valued at approximately $834,000. Dave makes up about 0.8% of LTS Liquid Investments LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also recently made changes to their positions in the business. Brevan Howard Capital Management LP boosted its position in shares of Dave by 1.6% in the 3rd quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock worth $767,000 after purchasing an additional 62 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Dave by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock worth $2,412,000 after purchasing an additional 65 shares in the last quarter. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 79 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Dave by 3.3% in the 3rd quarter. Arizona State Retirement System now owns 2,787 shares of the fintech company’s stock worth $556,000 after purchasing an additional 88 shares in the last quarter. Finally, Westend Capital Management LLC boosted its position in shares of 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. Institutional investors and hedge funds own 18.01% of the company’s stock.

Wall Street Analyst Weigh In

DAVE has been the subject of a number of recent analyst reports. Weiss Ratings raised Dave from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Benchmark reaffirmed a “buy” rating on shares of Dave in a research report on Friday, May 29th. Keefe, Bruyette & Woods lifted their price target on Dave from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, Canaccord Genuity Group lifted their price target on Dave from $328.00 to $342.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.40.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Seeking Alpha highlighted Dave’s improving fundamentals, citing strong Q1 growth, expanding margins, better credit quality, and aggressive buybacks. The note reiterated a Strong Buy view and a $350 price target, which supports the bullish case for DAVE. Dave: Credit Quality Keeps Improving As Earnings Surge
• Positive Sentiment: Zacks noted that DAVE has been outperforming peers this year and that analyst price targets imply meaningful upside, reinforcing expectations that the stock can continue to outperform if momentum holds. Wall Street Analysts Believe DAVE INC (DAVE) Could Rally 30.64%
• Neutral Sentiment: Coverage comparing DAVE with business-services peers was mainly a performance check-in and did not add a clear new catalyst for the stock. Is DAVE INC (DAVE) Stock Outpacing Its Business Services Peers This Year?
• Negative Sentiment: Jason Wilk sold 8,474 shares of Dave stock at an average price of $275.05, a move that can weigh on sentiment because insiders typically sell for many reasons, but large CEO sales are often read as a caution signal by investors. Insider Selling: Dave (NASDAQ:DAVE) CEO Sells 8,474 Shares of Stock

Dave Stock Performance

Shares of DAVE stock opened at $258.25 on Monday. The stock has a market cap of $3.28 billion, a PE ratio of 16.61 and a beta of 3.87. The business has a 50-day simple moving average of $233.97 and a 200-day simple moving average of $211.84. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.95. Dave Inc. has a 52-week low of $152.21 and a 52-week high of $293.90.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) 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 return on equity of 77.70% and a net margin of 37.22%.Dave has set its FY 2026 guidance at 16.250-16.750 EPS. On average, equities analysts expect that Dave Inc. will post 14.7 EPS for the current year.

Dave declared that its Board of Directors has initiated a stock buyback plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the fintech company to buy up to 11.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CEO Jason Wilk sold 8,474 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 299,950 shares of the company’s stock, valued at $82,501,247.50. The trade was a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 28.48% of the stock is currently owned by company insiders.

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.