Edgestream Partners L.P. Purchases New Stake in Dave Inc. $DAVE

Edgestream Partners L.P. purchased a new stake in shares of Dave Inc. (NASDAQ:DAVE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,144 shares of the fintech company’s stock, valued at approximately $373,000.

A number of other large investors have also added to or reduced their stakes in the company. Brevan Howard Capital Management LP increased its position in shares of Dave by 1.6% in the third quarter. Brevan Howard Capital Management LP now owns 3,846 shares of the fintech company’s stock valued at $767,000 after acquiring an additional 62 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after acquiring an additional 79 shares during the last quarter. Citizens Financial Group Inc. RI boosted its holdings in shares of Dave by 2.6% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,908 shares of the fintech company’s stock worth $865,000 after purchasing an additional 100 shares during the period. Finally, Worth Venture Partners LLC boosted its holdings in shares of Dave by 9.4% during the third quarter. Worth Venture Partners LLC now owns 1,258 shares of the fintech company’s stock worth $251,000 after purchasing an additional 108 shares during the period. Institutional investors own 18.01% of the company’s stock.

Dave Stock Up 0.2%

Shares of NASDAQ DAVE opened at $430.16 on Thursday. The firm has a fifty day simple moving average of $353.90 and a two-hundred day simple moving average of $259.45. Dave Inc. has a 12 month low of $152.21 and a 12 month high of $458.25. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $5.47 billion, a PE ratio of 27.66 and a beta of 3.83.

Dave (NASDAQ:DAVE) last announced its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a net margin of 37.22% and a return on equity of 77.70%. The company had revenue of $170.79 million for the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities analysts expect that Dave Inc. will post 15.66 earnings per share for the current year.

Insider Activity

In other Dave news, CEO Jason Wilk sold 8,474 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 directly owned 299,950 shares in the company, 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 at 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 value of $68,103.75. Following the sale, 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. Company insiders own 23.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on Dave from $340.00 to $485.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Canaccord Genuity Group upped their price target on Dave from $328.00 to $342.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Benchmark lifted their price objective on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Barrington Research boosted their target price on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Dave currently has an average rating of “Moderate Buy” and a consensus price target of $379.40.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q2 earnings significantly beat expectations: Dave reported adjusted earnings of $4.12 per share, up from $3.14 a year earlier and above consensus estimates ranging from $3.44 to $3.69. Dave Inc. Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Strong operating momentum: Second-quarter revenue rose 30% year over year to $170.8 million, driven by growth in membership and transaction-related offerings and higher average revenue per user. Adjusted EBITDA increased 48% to $75.5 million, representing a 44% margin. ExtraCash originations grew 27% to $2.3 billion, while the 28-day delinquency rate improved 14 basis points to 2.12%. Dave Reports Second Quarter 2026 Financial Results
• Positive Sentiment: 2026 outlook was raised: Dave guided to full-year earnings of $17.00–$17.50 per share and revenue of $725 million–$735 million, both above analyst consensus of $16.36 EPS and $714.7 million revenue. The improved outlook signals management expects continued growth and profitability. Dave Financial Results and Guidance
• Neutral Sentiment: Reported net income was $6.7 million, but it included $36.9 million in non-cash warrant and earnout remeasurement charges, making adjusted profitability measures more informative for assessing ongoing operations. Dave Second Quarter Financial Results
• Negative Sentiment: DAVE’s valuation and elevated growth expectations remain risks. Ahead of earnings, analysts noted that spending investments and the stock’s premium valuation could limit upside if future growth or credit performance falls short. What Should Investors Do With DAVE Stock Ahead of Q2 Earnings?

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.