Azora Capital LP Lowers Stock Position in Dave Inc. $DAVE

Azora Capital LP lowered its position in shares of Dave Inc. (NASDAQ:DAVE) by 53.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 62,501 shares of the fintech company’s stock after selling 70,741 shares during the period. Dave comprises about 0.9% of Azora Capital LP’s investment portfolio, making the stock its 29th largest position. Azora Capital LP’s holdings in Dave were worth $13,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boothbay Fund Management LLC lifted its position in Dave by 6.1% during the fourth quarter. Boothbay Fund Management LLC now owns 37,731 shares of the fintech company’s stock valued at $8,354,000 after buying an additional 2,184 shares during the period. 4D Advisors LLC purchased a new position in Dave during the fourth quarter valued at $5,535,000. Freestone Grove Partners LP purchased a new position in Dave during the fourth quarter valued at $279,000. Cetera Investment Advisers lifted its position in Dave by 148.6% during the fourth quarter. Cetera Investment Advisers now owns 3,793 shares of the fintech company’s stock valued at $840,000 after buying an additional 2,267 shares during the period. Finally, Trexquant Investment LP lifted its position in Dave by 19.2% during the fourth quarter. Trexquant Investment LP now owns 70,605 shares of the fintech company’s stock valued at $15,633,000 after buying an additional 11,382 shares during the period. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Insider Activity

In related news, Director Dan Preston sold 275 shares of Dave stock in a transaction dated 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 sale, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. This trade represents a 4.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Wilk sold 8,474 shares of Dave 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 sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. 28.48% of the stock is currently owned by company insiders.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Zacks highlighted that Dave trades below the industry P/E average despite strong profitability metrics, including nearly 80% return on equity, healthy margins, low debt, and rising member growth, suggesting the stock could still be undervalued. Article Title
• Neutral Sentiment: Other articles in the feed focus on unrelated personal finance commentary from Dave Ramsey and non-material stories about Dave & Buster’s, which are not directly relevant to Dave Inc.’s stock. Article Title
• Negative Sentiment: Benchmark’s downgrade from strong-buy to hold is the clearest negative catalyst in the news flow and likely a key reason investors are selling the stock today. Read More: Read More.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup reissued an “outperform” rating on shares of Dave in a research report on Wednesday, May 6th. William Blair restated an “accumulate” rating on shares of Dave in a report on Friday, March 13th. UBS Group started coverage on Dave in a report on Tuesday, May 26th. They set a “buy” rating and a $300.00 price target for the company. Evercore started coverage on Dave in a report on Wednesday, May 27th. They set a “hold” rating and a $260.00 price target for the company. Finally, Barrington Research raised their price target on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $325.40.

Dave Price Performance

Shares of NASDAQ:DAVE opened at $285.84 on Thursday. Dave Inc. has a 1-year low of $152.21 and a 1-year high of $318.66. 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 fifty day moving average price of $251.86 and a 200-day moving average price of $216.68. The company has a market capitalization of $3.63 billion, a PE ratio of 18.38 and a beta of 3.87.

Dave (NASDAQ:DAVE) last released its quarterly earnings data on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, topping the consensus estimate of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The company had revenue of $158.41 million during the quarter, compared to the consensus estimate of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, equities analysts expect that Dave Inc. will post 14.7 EPS for the current fiscal year.

Dave announced that its board has approved a stock repurchase program on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to purchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

About Dave

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.