Granahan Investment Management LLC Buys 63,551 Shares of Dave Inc. $DAVE

Granahan Investment Management LLC raised its stake in shares of Dave Inc. (NASDAQ:DAVE) by 3,325.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,462 shares of the fintech company’s stock after purchasing an additional 63,551 shares during the period. Granahan Investment Management LLC’s holdings in Dave were worth $11,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in shares of Dave by 819.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 209,008 shares of the fintech company’s stock worth $41,666,000 after purchasing an additional 186,273 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Dave during the 4th quarter valued at $27,874,000. Wellington Management Group LLP raised its holdings in Dave by 200.7% during the 3rd quarter. Wellington Management Group LLP now owns 177,103 shares of the fintech company’s stock valued at $35,305,000 after buying an additional 118,203 shares during the period. Renaissance Technologies LLC raised its holdings in Dave by 29.2% during the 4th quarter. Renaissance Technologies LLC now owns 499,100 shares of the fintech company’s stock valued at $110,506,000 after buying an additional 112,700 shares during the period. Finally, Invesco Ltd. lifted its position in Dave by 2,379.9% in the second quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after buying an additional 93,554 shares during the last quarter. 18.01% of the stock is owned by institutional investors.

Dave Stock Performance

Shares of NASDAQ:DAVE opened at $402.81 on Friday. The firm’s 50 day simple moving average is $328.44 and its 200-day simple moving average is $249.10. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.86 and a current ratio of 3.86. Dave Inc. has a one year low of $152.21 and a one year high of $458.25. The firm has a market cap of $5.12 billion, a PE ratio of 25.90 and a beta of 3.82.

Dave (NASDAQ:DAVE) last announced its quarterly earnings results on Tuesday, May 5th. The fintech company reported $3.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.78. Dave had a return on equity of 77.70% and a net margin of 37.22%.The firm had revenue of $158.41 million during the quarter, compared to analyst estimates of $153.67 million. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. As a group, equities analysts predict that Dave Inc. will post 15.66 EPS for the current year.

Insiders Place Their Bets

In other Dave news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the sale, the chief executive officer directly 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 document filed with the SEC, which is available at this hyperlink. Also, Director Dan Preston sold 275 shares of the company’s stock in a transaction on 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 owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 28.48% of the company’s stock.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave Inc. was upgraded to a Strong Buy by Zacks, reflecting improving earnings expectations and potentially drawing more investor interest. DAVE INC (DAVE) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Analysts say Dave’s rapid growth, improving credit performance, and broader product offerings give it an edge over competitors. Toast vs. Dave: Which Fintech Disruptor Is Better for Investors Now?
• Positive Sentiment: Dave is being flagged as a candidate to beat upcoming earnings estimates again, which could reinforce the stock’s momentum if results come in strong. Will DAVE INC (DAVE) Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: A report noted a sharp increase in short interest, but the data appears unreliable because it shows zero shares and a zero days-to-cover ratio, so it is unlikely to be a meaningful driver. Short Interest Update
• Neutral Sentiment: One market commentary highlighted that Dave shares have been strong year to date, but this was mostly a performance recap rather than a new catalyst. Financials Sector Catalyst Sees Dave Shares up 91% YTD

Analysts Set New Price Targets

Several research analysts have commented on the stock. Lake Street Capital reaffirmed a “buy” rating and set a $332.00 price objective on shares of Dave in a research note on Wednesday, May 6th. Canaccord Genuity Group increased their target price on shares of Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. UBS Group raised their target price on shares of Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Benchmark lifted their price target on shares of Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Finally, Barrington Research lifted their price target on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Dave has an average rating of “Buy” and a consensus target price of $379.40.

Dave Company 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.