American Century Companies Inc. Raises Holdings in Dave Inc. $DAVE

American Century Companies Inc. increased its position in Dave Inc. (NASDAQ:DAVE) by 17.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 229,693 shares of the fintech company’s stock after purchasing an additional 33,492 shares during the period. American Century Companies Inc. owned 1.70% of Dave worth $45,790,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. WealthCollab LLC purchased a new position in Dave during the 2nd quarter worth approximately $30,000. Nisa Investment Advisors LLC boosted its holdings in shares of Dave by 4,933.3% in the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after acquiring an additional 148 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Dave in the third quarter valued at approximately $47,000. Team Financial Group LLC acquired a new stake in shares of Dave in the third quarter valued at approximately $54,000. Finally, KBC Group NV purchased a new position in shares of Dave during the second quarter worth approximately $85,000. 18.01% of the stock is owned by institutional investors and hedge funds.

Key Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Company priced a $175M 0% convertible senior notes offering and will use net proceeds to repurchase about 334,000 shares (~$70.5M) and to fund capped calls that limit dilution — this is supportive of near-term EPS/price support. Convertible Notes & Repurchase Release
• Positive Sentiment: Multiple brokerages raised price targets and issued upgrades in recent days (including Keefe, Lake Street, B. Riley, Canaccord), and third‑party coverage shows a consensus “Moderate Buy” — analysts expect upside versus current levels. Analyst Coverage Summary
• Positive Sentiment: Company reiterated/expanded share repurchase activity (public reports of a broader buyback program), signaling management intent to support the stock. Buyback Announcement
• Neutral Sentiment: Management entered capped call transactions that raise the effective conversion premium to 100% — these reduce dilution risk on conversion but include a high cap price (limits upside benefit to holders). Capped Call Details
• Negative Sentiment: The convertible notes increase the company’s debt obligations (0% coupons but senior unsecured debt) and create potential future dilution if conversion occurs; some investors view financing via convertibles and buybacks as a trade-off vs. investing in growth. Convertible Offering Analysis
• Negative Sentiment: Material insider selling has been reported (numerous open-market sales and no insider purchases in the period cited), which can worry investors about insiders’ sentiment on near-term upside. Insider Activity Details
• Neutral Sentiment: Short-interest reports in the feed show no meaningful, reliable short data (entries list zeros/NaN), so short-squeeze risk appears minimal based on available figures but treat these data as noisy.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DAVE shares. Benchmark reaffirmed a “buy” rating on shares of Dave in a report on Tuesday. Wall Street Zen cut shares of Dave from a “buy” rating to a “hold” rating in a research note on Saturday. Barrington Research reissued an “outperform” rating and set a $290.00 price objective on shares of Dave in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Finally, B. Riley Financial upped their target price on shares of Dave from $297.00 to $303.00 and gave the company a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $312.13.

Dave Price Performance

Shares of DAVE stock opened at $217.33 on Friday. The firm has a market cap of $2.93 billion, a P/E ratio of 16.10 and a beta of 3.86. Dave Inc. has a 1-year low of $65.46 and a 1-year high of $286.45. The firm’s 50-day simple moving average is $193.29 and its 200-day simple moving average is $206.82.

Dave declared that its board has approved a share repurchase program on Monday, March 2nd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the fintech company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Dave

In other Dave news, Director Imran Khan sold 33,270 shares of Dave stock in a transaction on 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 transaction, the director owned 2,110 shares in the company, valued at $420,607.40. This trade represents a 94.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 97,771 shares of company stock valued at $19,194,391. 28.48% of the stock is owned by company insiders.

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.