Endava PLC Sponsored ADR (NYSE:DAVA) Given Consensus Recommendation of “Reduce” by Brokerages

Endava PLC Sponsored ADR (NYSE:DAVA) has been given a consensus rating of “Reduce” by the nine brokerages that are covering the stock, MarketBeat.com 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 1-year price target among analysts that have issued a report on the stock in the last year is $7.4286.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. downgraded 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. Guggenheim downgraded Endava from a “buy” rating to a “neutral” rating in a report on Wednesday, May 27th. Zacks Research downgraded Endava from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st. Morgan Stanley cut their price target on Endava from $8.00 to $4.00 and set an “equal weight” rating for the company in a report on Friday, May 22nd. Finally, CLSA set a $5.00 price target on Endava in a report on Friday, May 22nd.

Endava Trading Up 0.9%

NYSE DAVA opened at $2.68 on Thursday. The company has a market cap of $150.36 million, a PE ratio of -0.25 and a beta of 1.05. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.13. Endava has a 12 month low of $2.56 and a 12 month high of $16.05. The stock has a 50 day moving average of $3.60 and a 200-day moving average of $4.94.

Endava (NYSE:DAVA) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.20). The company had revenue of $236.44 million during the quarter, compared to analyst estimates of $242.79 million. Endava had a negative net margin of 57.01% and a positive return on equity of 2.58%. 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, equities research analysts anticipate that Endava will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Endava

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock valued at $208,000 after purchasing an additional 1,482 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Endava by 733.6% during the 2nd 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 period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Endava by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,411 shares of the company’s stock worth $85,000 after buying an additional 2,493 shares during the period. Advisory Services Network LLC bought a new position in Endava during the 3rd quarter worth $28,000. Finally, State Street Corp increased its position in Endava by 3.4% during the 4th quarter. State Street Corp now owns 98,936 shares of the company’s stock worth $625,000 after buying an additional 3,218 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.