Endava PLC Sponsored ADR (NYSE:DAVA) Receives $5.50 Consensus PT from Brokerages

Endava PLC Sponsored ADR (NYSE:DAVA) has earned a consensus recommendation of “Reduce” from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $5.50.

A number of research firms have recently weighed in on DAVA. JPMorgan Chase & Co. downgraded shares of Endava from a “neutral” rating to an “underweight” rating and cut their price target for the company from $9.00 to $5.00 in a report on Friday, May 22nd. Needham & Company LLC decreased their price objective on shares of Endava from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $3.00 target price on shares of Endava in a research report on Friday, July 10th. Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Weiss Ratings cut Endava from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th.

Endava Trading Up 3.0%

Shares of NYSE DAVA opened at $3.15 on Friday. The stock has a market cap of $177.23 million, a price-to-earnings ratio of -0.30 and a beta of 1.02. The business has a 50 day simple moving average of $2.85 and a 200 day simple moving average of $3.98. Endava has a 52 week low of $2.55 and a 52 week high of $14.99. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.07 and a current ratio of 2.07.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.20). The business had revenue of $236.44 million for the quarter, compared to the consensus estimate of $242.79 million. Endava had a negative net margin of 57.01% and a positive return on equity of 2.48%. Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. On average, research analysts predict that Endava will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endava

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Endava during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after buying an additional 1,680 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Endava by 901.8% in the fourth quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock worth $39,000 after buying an additional 5,492 shares during the last quarter. Vident Advisory LLC bought a new stake in shares of Endava during the 4th quarter worth $68,000. Finally, Fox Run Management L.L.C. acquired a new position in Endava in the 4th quarter valued at $73,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.