Federated Hermes Inc. Sells 4,842 Shares of Dave Inc. $DAVE

Federated Hermes Inc. reduced its stake in shares of Dave Inc. (NASDAQ:DAVE) by 95.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234 shares of the fintech company’s stock after selling 4,842 shares during the quarter. Federated Hermes Inc.’s holdings in Dave were worth $47,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA bought a new stake in Dave during the second quarter worth about $359,000. Quadrature Capital Ltd boosted its holdings in shares of Dave by 120.3% in the 2nd quarter. Quadrature Capital Ltd now owns 9,751 shares of the fintech company’s stock worth $2,615,000 after acquiring an additional 5,325 shares in the last quarter. Silver Oak Wealth Advisors Services LLC bought a new stake in Dave during the 2nd quarter worth approximately $501,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Dave during the 2nd quarter valued at $913,000. Finally, Sigma Planning Corp acquired a new stake in Dave during the 2nd quarter valued at $425,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Dave Price Performance

Shares of DAVE stock opened at $185.53 on Wednesday. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 18.39 and a beta of 3.89. Dave Inc. has a 12 month low of $65.46 and a 12 month high of $286.45. The company has a quick ratio of 8.69, a current ratio of 8.69 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $201.27 and a 200 day moving average price of $209.88.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DAVE shares. William Blair started coverage on Dave in a research note on Monday. They issued an “outperform” rating on the stock. JMP Securities set a $310.00 price target on shares of Dave in a research report on Wednesday, November 5th. Benchmark reissued a “buy” rating on shares of Dave in a report on Tuesday, January 13th. Weiss Ratings downgraded shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Finally, Canaccord Genuity Group upped their target price on shares of Dave from $229.00 to $274.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Dave currently has an average rating of “Moderate Buy” and an average price target of $304.25.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: New analyst coverage: Keefe, Bruyette & Woods started covering DAVE with an “Outperform” rating, adding institutional attention that can support the share price. Zacks Coverage Note
• Positive Sentiment: Consensus/analyst tone is constructive — DAVE is reported to have an average recommendation of “Moderate Buy,” which reinforces demand from buy-side analysts. Analyst Consensus
• Positive Sentiment: Earnings-beat history and outlook: Zacks highlights that DAVE has a strong history of earnings surprises and the signals point toward another potential beat in the next report — a catalyst that often lifts fintech names. Zacks Earnings Preview
• Positive Sentiment: Fundamental/valuation commentary: Coverage pieces note strong member growth, improvements in credit quality driven by CashAI, margin expansion and a valuation below peers — factors supporting longer-term upside. Valuation & Growth Note
• Positive Sentiment: Investor-research view: Dave appears on lists of oversold/value opportunities, which can attract value-oriented buyers if earnings and member metrics remain strong. InsiderMonkey Coverage
• Neutral Sentiment: Short-interest data appears to be a reporting anomaly (the entry reports a “large increase” but shows 0 shares and NaN changes). No clear short-pressure signal is present from this report — treat the data as unreliable until confirmed by an exchange-level update.
• Negative Sentiment: Technical and liquidity headwinds: DAVE is trading below both its 50-day ($201.27) and 200-day ($209.88) moving averages and current volume is below the stock’s average, which can limit momentum and leave the stock vulnerable to downside on negative news.
• Negative Sentiment: Higher volatility/risk profile: The stock’s beta is high (~3.9), meaning larger swings versus the market; investors should account for elevated risk even as analyst coverage turns positive.

Insider Buying and Selling

In other news, CEO Jason Wilk sold 7,393 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $203.77, for a total value of $1,506,471.61. Following the transaction, the chief executive officer directly owned 210,461 shares in the company, valued at $42,885,637.97. This trade represents a 3.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Imran Khan sold 33,270 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $199.34, for a total value of $6,632,041.80. Following the completion of the sale, the director owned 2,110 shares of the company’s stock, valued at $420,607.40. This represents a 94.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 105,164 shares of company stock worth $20,700,863. Insiders own 28.48% of the company’s 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.