9,162 Shares in Dave Inc. $DAVE Purchased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new stake in Dave Inc. (NASDAQ:DAVE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,162 shares of the fintech company’s stock, valued at approximately $1,826,000. Hudson Bay Capital Management LP owned 0.07% of Dave at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. WealthCollab LLC acquired a new stake in shares of Dave during the 2nd quarter worth approximately $30,000. National Bank of Canada FI acquired a new position in shares of Dave in the 3rd quarter valued at $30,000. Exchange Traded Concepts LLC purchased a new stake in Dave during the third quarter worth $47,000. Team Financial Group LLC acquired a new stake in Dave during the third quarter valued at $54,000. Finally, KBC Group NV acquired a new stake in Dave during the second quarter valued at $85,000. Hedge funds and other institutional investors own 18.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DAVE shares. Lake Street Capital upped their price objective on shares of Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Barrington Research restated an “outperform” rating and set a $290.00 target price on shares of Dave in a research report on Tuesday, March 10th. Keefe, Bruyette & Woods upped their price target on Dave from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded Dave from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. Finally, B. Riley Financial raised their price objective on Dave from $297.00 to $303.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.13.

Dave Trading Down 0.3%

DAVE opened at $209.82 on Monday. Dave Inc. has a twelve month low of $65.46 and a twelve month high of $286.45. The firm has a market capitalization of $2.85 billion, a PE ratio of 15.54 and a beta of 3.85. The firm’s 50-day moving average price is $190.41 and its 200 day moving average price is $207.65.

Dave announced that its board has approved a stock repurchase plan on Monday, March 2nd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the fintech company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Dave News Summary

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Technicals — DAVE is trading above its 50-day (~$191) and roughly in line with/just above its 200-day (~$208) moving averages, which can act as short-term support for investors looking for a bounce.
• Neutral Sentiment: Unrelated media noise — multiple trending stories reference people named “Dave” (e.g., Dave Grohl) that are not related to Dave Inc.; these can raise search volume but do not affect company fundamentals. Rolling Stone: Dave Grohl Addresses Infidelity
• Negative Sentiment: Confusing short-interest data — recent short-interest entries (Mar 19–20) report a “significant increase” but show 0 shares and NaN change, with a 0.0 days short-interest ratio based on an average daily volume figure. That likely reflects a data/reporting error rather than a substantive new short position, but it can trigger knee-jerk selling or speculative trading until exchanges/clearing venues publish corrected figures. Lower-than-normal intraday volume versus the 50‑day average can amplify moves.

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.