Dave Inc. $DAVE Shares Sold by S Squared Technology LLC

S Squared Technology LLC trimmed its position in Dave Inc. (NASDAQ:DAVE) by 8.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 61,351 shares of the fintech company’s stock after selling 6,000 shares during the period. Dave makes up about 5.3% of S Squared Technology LLC’s holdings, making the stock its 6th largest holding. S Squared Technology LLC’s holdings in Dave were worth $13,584,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MML Investors Services LLC acquired a new stake in shares of Dave in the fourth quarter worth $916,000. Fieldview Capital Management LLC acquired a new stake in shares of Dave in the fourth quarter worth $302,000. Barclays PLC lifted its stake in shares of Dave by 70.2% in the fourth quarter. Barclays PLC now owns 23,005 shares of the fintech company’s stock worth $5,094,000 after buying an additional 9,490 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Dave in the fourth quarter worth $84,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Dave in the fourth quarter worth $36,000. 18.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jason Wilk sold 8,474 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 299,950 shares in the company, valued at approximately $82,501,247.50. This represents a 2.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dan Preston sold 275 shares of the stock in a transaction 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 completion of the transaction, the director owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 28.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DAVE. Zacks Research upgraded shares of Dave from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Canaccord Genuity Group upped 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. William Blair reiterated an “accumulate” rating on shares of Dave in a research note on Friday, March 13th. Barrington Research upped their target price on shares of Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday. Finally, B. Riley Financial upped their target price on shares of Dave from $358.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $325.40.

Dave Price Performance

NASDAQ:DAVE opened at $286.78 on Monday. The stock has a market cap of $3.64 billion, a P/E ratio of 18.44 and a beta of 3.87. Dave Inc. has a one year low of $152.21 and a one year high of $301.19. The company has a fifty day moving average price of $244.39 and a 200 day moving average price of $214.88. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.86 and a quick ratio of 3.86.

Dave (NASDAQ:DAVE) last released its earnings results on Tuesday, May 5th. The fintech company reported $3.64 EPS for the quarter, beating the consensus estimate of $2.86 by $0.78. The firm had revenue of $158.41 million during the quarter, compared to analysts’ expectations of $153.67 million. Dave had a net margin of 37.22% and a return on equity of 77.70%. Dave has set its FY 2026 guidance at 16.250-16.750 EPS. Analysts anticipate that Dave Inc. will post 14.7 earnings per share for the current year.

Dave declared that its Board of Directors has initiated a share repurchase plan on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to reacquire up to 11.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Barrington Research raised its price target on Dave Inc. (DAVE) from $290 to $310 and reiterated an outperform rating, signaling confidence that the shares still have room to run. Barrington Research raises DAVE price target
• Positive Sentiment: Analyst and commentary pieces pointed to Dave’s 49% six-month rally, AI-driven credit quality, strong first-quarter profitability, and what some view as an attractive valuation, all of which can support continued buying interest. Zacks article on DAVE upside
• Positive Sentiment: Seeking Alpha highlighted how Dave’s CashAI underwriting, ExtraCash growth, and product expansion could drive continued earnings growth and valuation upside over time. Seeking Alpha article on CashAI and Dave
• Neutral Sentiment: An InsiderMonkey piece discussed a bullish thesis on Dave Inc., but it mostly reiterated the stock’s already-strong performance and valuation rather than providing a new catalyst. InsiderMonkey article on Dave stock

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.