Dave Inc. will join the S&P SmallCap 600 Index on June 1, 2026, highlighting its growth and market presence.
Quiver AI Summary
Dave Inc., a prominent neobank, announced its inclusion in the S&P SmallCap 600 Index, effective June 1, 2026. This index features small-cap U.S. companies that meet specific performance, liquidity, and market capitalization criteria. Jason Wilk, Founder and CEO of Dave, expressed that this achievement is a testament to the team's efforts and the confidence of their members. The company is dedicated to providing innovative credit products for everyday Americans and encourages further engagement through its website and social media.
Potential Positives
- Dave Inc. will be included in the S&P SmallCap 600 Index, which is a significant milestone indicating the company's growth and stability in the financial market.
- This inclusion reflects positively on Dave's performance and liquidity, enhancing its visibility among investors and potential partners.
- CEO Jason Wilk highlighted that this achievement is a testament to the hard work of the team and the trust of its members, fostering confidence in the company's future growth prospects.
Potential Negatives
- Being added to the S&P SmallCap 600 Index indicates that the company is still considered a small-cap player, which may suggest limited growth potential compared to larger, more established companies.
- The inclusion in the index may attract scrutiny over the company's performance and financial health, raising expectations that could lead to pressure if the company fails to meet future benchmarks.
- There is no mention of profitability or financial stability in the release, which could raise concerns about the company's current financial status despite the positive news of index inclusion.
FAQ
What is the S&P SmallCap 600 Index?
The S&P SmallCap 600 Index tracks small-cap U.S. companies meeting specific performance and liquidity criteria.
When will Dave Inc. join the S&P SmallCap 600 Index?
Dave Inc. will join the S&P SmallCap 600 Index effective June 1, 2026, before the market opens.
Who is the CEO of Dave Inc.?
The CEO of Dave Inc. is Jason Wilk, who is also the Founder of the company.
What does Dave Inc. specialize in?
Dave Inc. is a neobank specializing in innovative credit products for everyday Americans.
Where can I find more information about Dave Inc.?
For more information about Dave Inc., visit their website at www.dave.com or follow them on X @davebanking.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DAVE Insider Trading Activity
$DAVE insiders have traded $DAVE stock on the open market 104 times in the past 6 months. Of those trades, 0 have been purchases and 104 have been sales.
Here’s a breakdown of recent trading of $DAVE stock by insiders over the last 6 months:
- IMRAN KHAN has made 0 purchases and 75 sales selling 97,771 shares for an estimated $19,194,378.
- ANDREA MITCHELL has made 0 purchases and 26 sales selling 30,000 shares for an estimated $6,390,900.
- JASON WILK (Chief Executive Officer) sold 7,393 shares for an estimated $1,506,471
- KYLE BEILMAN (CFO and COO and Secretary) sold 3,495 shares for an estimated $712,176
- MICHAEL W POPE sold 544 shares for an estimated $88,128
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$DAVE Revenue
$DAVE had revenues of $158.4M in Q1 2026. This is an increase of 46.71% from the same period in the prior year.
You can track DAVE financials on Quiver Quantitative's DAVE stock page.
You can access data on DAVE stock through the Quiver Quantitative API.
$DAVE Hedge Fund Activity
We have seen 156 institutional investors add shares of $DAVE stock to their portfolio, and 173 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DIVISADERO STREET CAPITAL MANAGEMENT, LP added 379,232 shares (+145.0%) to their portfolio in Q1 2026, for an estimated $66,020,498
- FULLER & THALER ASSET MANAGEMENT, INC. added 199,613 shares (+8317.2%) to their portfolio in Q1 2026, for an estimated $34,750,627
- DRIEHAUS CAPITAL MANAGEMENT LLC removed 195,103 shares (-75.8%) from their portfolio in Q1 2026, for an estimated $33,965,481
- TWO SIGMA ADVISERS, LP removed 162,273 shares (-93.9%) from their portfolio in Q4 2025, for an estimated $35,928,864
- IMC-CHICAGO, LLC removed 126,931 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $22,097,417
- D. E. SHAW & CO., INC. removed 126,367 shares (-44.8%) from their portfolio in Q4 2025, for an estimated $27,978,917
- ESTUARY CAPITAL MANAGEMENT LP added 118,077 shares (+inf%) to their portfolio in Q1 2026, for an estimated $20,556,024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$DAVE Price Targets
Multiple analysts have issued price targets for $DAVE recently. We have seen 8 analysts offer price targets for $DAVE in the last 6 months, with a median target of $333.0.
Here are some recent targets:
- Adam Frisch from Evercore ISI Group set a target price of $260.0 on 05/27/2026
- Hal Goetsch from B. Riley Securities set a target price of $370.0 on 05/27/2026
- Chris Zhang from UBS set a target price of $300.0 on 05/26/2026
- Gary Prestopino from Barrington Research set a target price of $290.0 on 05/20/2026
- Ryan Tomasello from Keefe, Bruyette & Woods set a target price of $340.0 on 05/06/2026
- Devin Ryan from Citizens set a target price of $365.0 on 05/06/2026
- Joseph Vafi from Canaccord Genuity set a target price of $342.0 on 05/06/2026
Full Release
Los Angeles, May 28, 2026 (GLOBE NEWSWIRE) -- Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks, today announced that it will join the S&P SmallCap 600 Index, effective prior to the opening of trading on Monday, June 1, 2026. The S&P SmallCap 600 Index tracks companies that meet specific inclusion criteria for performance, liquidity and market capitalization, and comprises key players in the small-cap U.S. equity market segment.
“Our inclusion in the S&P SmallCap 600 is a reflection of the hard work of our team and the trust that our members place in us every day,” said Jason Wilk, Founder and CEO of Dave. “This milestone further reinforces our conviction in Dave’s growth algorithm and the path ahead.”
About Dave
Dave (Nasdaq: DAVE) is a U.S. neobank pioneering innovative credit products for everyday Americans. For more information about the Company, visit:
www.dave.com
. For investor information and updates, visit:
investors.dave.com
and follow @
davebanking
on X.
Investor Relations Contact
Sean Mansouri, CFA or Stefan Norbom
Elevate IR
[email protected]
Media Contact
Dan Ury
[email protected]
