Endava PLC Sponsored ADR (NYSE:DAVA) Given Average Rating of “Reduce” by Analysts

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been given a consensus recommendation of “Reduce” by the eight research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.50.

DAVA has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of Endava from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $9.00 to $5.00 in a report on Friday, May 22nd. Morgan Stanley dropped their price objective on shares of Endava from $8.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. Needham & Company LLC cut their price objective on shares of Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Weiss Ratings downgraded Endava from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft set a $3.00 target price on Endava in a research report on Friday, July 10th.

Hedge Funds Weigh In On Endava

A number of institutional investors have recently modified their holdings of DAVA. Paradice Investment Management LLC boosted its holdings in Endava by 61.9% during the fourth quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock worth $19,149,000 after purchasing an additional 1,157,921 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its position in Endava by 32.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,606,324 shares of the company’s stock worth $10,152,000 after purchasing an additional 389,970 shares in the last quarter. CDAM UK Ltd increased its stake in Endava by 28.2% in the 4th quarter. CDAM UK Ltd now owns 2,979,658 shares of the company’s stock valued at $18,831,000 after buying an additional 655,078 shares during the last quarter. SmartHarvest Portfolios LLC purchased a new stake in Endava in the 1st quarter valued at about $84,000. Finally, Alpine Global Management LLC bought a new position in shares of Endava during the 4th quarter worth approximately $87,000. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Trading Down 0.9%

NYSE DAVA opened at $2.79 on Monday. The business has a 50 day simple moving average of $3.07 and a 200 day simple moving average of $4.48. Endava has a one year low of $2.55 and a one year high of $15.20. The stock has a market capitalization of $157.11 million, a P/E ratio of -0.27 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.07 and a quick ratio of 2.07.

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