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

Meros Investment Management LP bought a new stake in Dave Inc. (NASDAQ:DAVE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,060 shares of the fintech company’s stock, valued at approximately $767,535,000.

Several other large investors have also recently added to or reduced their stakes in DAVE. WealthCollab LLC purchased a new stake in Dave in the 2nd quarter valued at about $30,000. National Bank of Canada FI purchased a new position in shares of Dave during the 3rd quarter worth about $30,000. Kestra Advisory Services LLC purchased a new position in shares of Dave during the 4th quarter worth about $36,000. GAMMA Investing LLC boosted its position in shares of Dave by 43.9% in the second quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after acquiring an additional 68 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new stake in shares of Dave in the fourth quarter worth approximately $66,000. 18.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Dave from $485.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Benchmark boosted their price objective on shares of Dave from $345.00 to $475.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Zacks Research downgraded Dave from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. UBS Group increased their target price on Dave from $300.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Freedom Capital upgraded Dave to a “hold” rating in a report on Thursday, July 30th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $410.82.

Insiders Place Their Bets

In other Dave news, Director Dan Preston sold 275 shares of the firm’s 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 transaction, the director directly owned 5,466 shares of the company’s stock, valued at $1,353,654.90. This trade represents a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jason Wilk sold 8,474 shares of the business’s 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 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. Additional details regarding this sale are available in the official SEC disclosure. 23.59% of the stock is currently owned by corporate insiders.

Dave Trading Down 1.5%

NASDAQ DAVE opened at $349.47 on Wednesday. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 22.66 and a beta of 3.83. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.22 and a current ratio of 4.22. Dave Inc. has a one year low of $152.21 and a one year high of $458.25. The company’s 50 day moving average price is $370.51 and its 200 day moving average price is $274.86.

Dave (NASDAQ:DAVE) last released its quarterly earnings data 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 return on equity of 77.46% and a net margin of 34.58%.The business had revenue of $170.79 million for the quarter, compared to analysts’ expectations of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. On average, sell-side analysts predict that Dave Inc. will post 13.71 EPS for the current year.

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.