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

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have earned an average recommendation of “Reduce” from the nine research firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.4286.

A number of research firms have weighed in on DAVA. Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Zacks Research downgraded shares of Endava from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Morgan Stanley dropped 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. Weiss Ratings reiterated a “sell (d)” rating on shares of Endava in a research note on Tuesday, April 7th. Finally, Needham & Company LLC dropped 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.

Endava Trading Down 2.6%

NYSE:DAVA opened at $3.22 on Friday. Endava has a one year low of $3.07 and a one year high of $17.36. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.07 and a quick ratio of 2.07. The company’s 50-day simple moving average is $4.21 and its 200 day simple moving average is $5.44. The firm has a market capitalization of $180.72 million, a P/E ratio of -0.31 and a beta of 1.11.

Endava (NYSE:DAVA) last posted 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). 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 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, analysts forecast that Endava will post 0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barometer Capital Management Inc. lifted its stake in shares of Endava by 32.5% in the first quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company’s stock worth $470,000 after buying an additional 26,080 shares in the last quarter. SmartHarvest Portfolios LLC bought a new position in shares of Endava in the first quarter worth approximately $84,000. Alpine Global Management LLC bought a new position in shares of Endava in the fourth quarter worth approximately $87,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Endava in the fourth quarter worth approximately $24,563,000. Finally, Vident Advisory LLC bought a new position in shares of Endava in the fourth quarter worth approximately $68,000. Institutional investors 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.