Endava PLC Sponsored ADR (NYSE:DAVA) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been given an average rating of “Reduce” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.4286.

DAVA has been the subject of a number of research analyst reports. CLSA set a $5.00 price target on Endava in a research report on Friday, May 22nd. Morgan Stanley decreased their price objective on Endava from $8.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. TD Cowen reissued a “buy” rating on shares of Endava in a report on Friday, May 22nd. JPMorgan Chase & Co. cut Endava from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $9.00 to $5.00 in a report on Friday, May 22nd. Finally, Zacks Research cut Endava from a “hold” rating to a “strong sell” rating in a report on Thursday, May 21st.

Endava Stock Performance

Shares of DAVA opened at $2.77 on Thursday. The company has a market cap of $155.48 million, a PE ratio of -0.26 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. The stock has a 50-day moving average price of $3.77 and a 200-day moving average price of $5.07. Endava has a 12-month low of $2.67 and a 12-month high of $16.05.

Endava (NYSE:DAVA) last issued 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). The business 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 2.58%. Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. As a group, equities analysts forecast that Endava will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endava

Large investors have recently bought and sold shares of the stock. Advisory Services Network LLC purchased a new position in Endava in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its stake 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. Quadrant Capital Group LLC increased its stake 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 purchased a new position in Endava in the 4th quarter worth approximately $63,000. Finally, Vident Advisory LLC purchased a new position in Endava in the 4th quarter worth approximately $68,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

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.