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

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been assigned a consensus recommendation of “Reduce” from the nine research firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.50.

A number of research analysts have recently commented on the company. Guggenheim downgraded Endava from a “buy” rating to a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings cut Endava from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Morgan Stanley lowered 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. Zacks Research lowered shares of Endava from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Finally, Needham & Company LLC reduced their price objective on shares of Endava from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, May 21st.

Hedge Funds Weigh In On Endava

Large investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Endava during the fourth quarter worth about $24,563,000. Paradice Investment Management LLC boosted its position in shares of Endava by 61.9% in the 4th quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock valued at $19,149,000 after purchasing an additional 1,157,921 shares during the period. Invenomic Capital Management LP purchased a new position in Endava during the 4th quarter worth approximately $4,691,000. CDAM UK Ltd grew its stake in Endava by 28.2% during the 4th quarter. CDAM UK Ltd now owns 2,979,658 shares of the company’s stock worth $18,831,000 after buying an additional 655,078 shares during the last quarter. Finally, UBS Group AG increased its position in Endava by 128.4% during the third quarter. UBS Group AG now owns 756,082 shares of the company’s stock worth $6,880,000 after buying an additional 425,106 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Stock Performance

Shares of DAVA stock opened at $2.74 on Monday. 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 firm has a fifty day moving average price of $3.20 and a 200 day moving average price of $4.61. The company has a market cap of $154.02 million, a P/E ratio of -0.26 and a beta of 1.05. Endava has a 12 month low of $2.55 and a 12 month high of $15.20.

Endava (NYSE:DAVA) last posted its earnings results 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 negative net margin of 57.01% and a positive return on equity of 2.58%. The business had revenue of $236.44 million during the quarter, compared to analysts’ expectations 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. Sell-side analysts predict that Endava will post 0.15 earnings per share for the current fiscal 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.