Endava PLC Sponsored ADR (NYSE:DAVA) Receives $7.14 Consensus Target Price from Analysts

Endava PLC Sponsored ADR (NYSE:DAVA) has earned an average recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.4286.

Several brokerages recently weighed in on DAVA. Morgan Stanley cut their target price on shares of Endava from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, May 22nd. Guggenheim downgraded shares of Endava from a “buy” rating to a “neutral” rating in a research note on Wednesday. Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Needham & Company LLC cut their target price on shares of Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Zacks Research downgraded shares of Endava from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st.

Institutional Investors Weigh In On Endava

A number of large investors have recently modified their holdings of DAVA. Advisory Services Network LLC purchased a new stake in shares of Endava in the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its position in shares of Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Endava by 901.8% in the 4th quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock valued at $39,000 after purchasing an additional 5,492 shares during the last quarter. Perennial Advisors LLC purchased a new stake in shares of Endava in the 4th quarter valued at approximately $63,000. Finally, Vident Advisory LLC purchased a new stake in shares of Endava in the 4th quarter valued at approximately $68,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Price Performance

Shares of DAVA opened at $3.20 on Friday. Endava has a fifty-two week low of $3.07 and a fifty-two week high of $17.36. The firm’s 50 day moving average price is $4.18 and its 200 day moving average price is $5.42. The company has a market cap of $179.82 million, a P/E ratio of -0.30 and a beta of 1.11. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.13.

Endava (NYSE:DAVA) last announced its earnings results 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). Endava had a positive return on equity of 2.58% and a negative net margin of 57.01%.The business had revenue of $236.44 million for the quarter, compared to analysts’ expectations of $242.79 million. 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 forecast that Endava will post 0.4 earnings per share for the current fiscal year.

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.