Meros Investment Management LP Takes $767,535 Position in Dave Inc. $DAVE

Meros Investment Management LP acquired a new position in Dave Inc. (NASDAQ:DAVE) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,060 shares of the fintech company’s stock, valued at approximately $767,535.

Other large investors also recently modified their holdings of the company. Ancora Advisors LLC bought a new position in Dave during the 2nd quarter worth $3,446,000. Globeflex Capital L P bought a new stake in shares of Dave in the 2nd quarter worth approximately $11,403,000. Great Lakes Advisors LLC purchased a new stake in shares of Dave during the 2nd quarter valued at about $1,106,000. Handelsbanken Fonder AB grew its holdings in Dave by 21.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,300 shares of the fintech company’s stock valued at $857,000 after buying an additional 400 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in Dave by 24.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 3,710 shares of the fintech company’s stock valued at $1,382,000 after buying an additional 730 shares during the period. 18.01% of the stock is currently owned by institutional investors.

Insider Transactions at Dave

In other news, CEO Jason Wilk sold 8,474 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dan Preston sold 275 shares of the stock in a transaction dated 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 sale, the director owned 5,466 shares of the company’s stock, valued at approximately $1,353,654.90. The trade was a 4.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 23.59% of the stock is owned by company insiders.

Dave Trading Up 1.8%

DAVE traded up $6.86 on Friday, hitting $380.87. The company had a trading volume of 300,955 shares, compared to its average volume of 557,245. The company has a market cap of $4.86 billion, a PE ratio of 24.70 and a beta of 3.83. The business’s fifty day simple moving average is $373.43 and its 200 day simple moving average is $277.73. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. Dave Inc. has a 12-month low of $152.21 and a 12-month high of $458.25.

Dave (NASDAQ:DAVE) last announced its earnings results on Wednesday, August 5th. The fintech company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.44 by ($2.95). Dave had a net margin of 34.58% and a return on equity of 77.46%. The company had revenue of $170.79 million during the quarter, compared to analyst estimates of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. Equities research analysts expect that Dave Inc. will post 13.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DAVE. Benchmark upped their price objective on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded Dave from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Lake Street Capital restated a “buy” rating and issued a $450.00 target price on shares of Dave in a research note on Thursday, August 6th. Zacks Research cut shares of Dave from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Barrington Research boosted their price objective on shares of Dave from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, June 12th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $410.82.

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.