Analysts Set Endava PLC Sponsored ADR (NYSE:DAVA) PT at $7.43

Endava PLC Sponsored ADR (NYSE:DAVA) has received an average rating of “Reduce” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.4286.

A number of equities research analysts recently commented on DAVA shares. Guggenheim downgraded Endava from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. downgraded Endava from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $9.00 to $5.00 in a research note on Friday, May 22nd. CLSA set a $5.00 price objective on Endava in a report on Friday, May 22nd. Needham & Company LLC lowered their target price on Endava from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Zacks Research lowered shares of Endava from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of Endava during the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its position in Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after acquiring an additional 1,680 shares during the last quarter. Quadrant Capital Group LLC raised 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 valued at $39,000 after acquiring an additional 5,492 shares during the period. Perennial Advisors LLC bought a new stake in shares of Endava in the 4th quarter worth about $63,000. Finally, Vident Advisory LLC bought a new stake in shares of Endava in the 4th quarter worth about $68,000. Institutional investors own 62.23% of the company’s stock.

Endava Price Performance

Shares of NYSE:DAVA opened at $2.69 on Thursday. The firm has a market cap of $150.92 million, a price-to-earnings ratio of -0.26 and a beta of 1.05. The firm has a fifty day moving average price of $3.67 and a 200 day moving average price of $4.99. Endava has a fifty-two week low of $2.56 and a fifty-two week high of $16.05. 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 announced its quarterly earnings results on Thursday, May 21st. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). Endava had a negative net margin of 57.01% and a positive return on equity of 2.58%. The company had revenue of $236.44 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts expect that Endava will post 0.21 earnings per share for the current fiscal year.

Endava Company Profile

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.