Endava (NYSE:DAVA) Stock Rating Lowered by Zacks Research

Endava (NYSE:DAVA) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on DAVA. Needham & Company LLC lowered their price target on Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a report on Tuesday, April 7th. CLSA set a $5.00 price target on Endava in a report on Friday. TD Cowen reissued a “buy” rating on shares of Endava in a report on Friday. Finally, Guggenheim lowered their price target on Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $7.14.

Endava Price Performance

NYSE DAVA opened at $3.34 on Thursday. The business’s fifty day moving average price is $4.33 and its 200-day moving average price is $5.62. The stock has a market capitalization of $187.46 million, a price-to-earnings ratio of -0.32 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 2.39. Endava has a 1-year low of $3.20 and a 1-year high of $17.36.

Endava (NYSE:DAVA) last released its quarterly 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). The firm 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 2.14%. 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 analysts predict that Endava will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Endava

Institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares during the period. Advisory Services Network LLC bought a new position in Endava in the 3rd quarter worth $28,000. Quadrant Capital Group LLC raised its holdings in Endava by 901.8% in the 4th quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock worth $39,000 after purchasing an additional 5,492 shares during the period. Perennial Advisors LLC bought a new position in Endava in the 4th quarter worth $63,000. Finally, Vident Advisory LLC bought a new position in Endava in the 2nd quarter worth $160,000. 62.23% of the stock is owned by institutional investors.

More Endava News

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Needham & Company trimmed its price target but kept a buy rating, suggesting some analysts still see rebound potential for Endava despite the weak quarter.
• Neutral Sentiment: TD Cowen lowered its target to $4.00 and maintained a hold view, reflecting a more cautious but not outright bearish stance on the name.
• Neutral Sentiment: Morgan Stanley cut its target to $4.00 and kept an equal weight rating, indicating the firm sees limited near-term upside but not a dramatic deterioration beyond current expectations.
• Neutral Sentiment: JPMorgan reaffirmed an underweight rating while reducing its target, underscoring that sentiment on the stock remains subdued after the earnings update.
• Negative Sentiment: Endava reported fiscal Q3 EPS of $0.07 versus the $0.27 consensus and revenue of $236.4 million versus $242.8 million expected, then cut FY26 EPS and revenue guidance below estimates. Endava Announces Third Quarter Fiscal Year 2026 Results
• Negative Sentiment: Johnson Fistel said it is investigating potential securities-law violations tied to investor losses, adding a legal-overhang headline that may further weigh on shares. Endava plc Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

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.