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

Endava PLC Sponsored ADR (NYSE:DAVA) has received a consensus rating of “Reduce” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.50.

Several equities analysts have commented on the company. Zacks Research downgraded Endava from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 21st. Needham & Company LLC reduced their target price on shares of Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. TD Cowen decreased their price target on shares of Endava from $4.00 to $3.50 and set a “hold” rating for the company in a research report on Thursday, July 9th. Weiss Ratings downgraded shares of Endava from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. lowered shares of Endava from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $9.00 to $5.00 in a report on Friday, May 22nd.

Institutional Investors Weigh In On Endava

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC acquired a new stake in shares of Endava during the third quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in shares of 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 acquiring an additional 1,680 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of 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 acquiring an additional 5,492 shares in the last quarter. Perennial Advisors LLC acquired a new position in shares of Endava in the 4th quarter valued at about $63,000. Finally, Vident Advisory LLC acquired a new position in shares of Endava in the 4th quarter valued at about $68,000. Institutional investors own 62.23% of the company’s stock.

Endava Trading Down 0.2%

Shares of DAVA opened at $2.79 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.07 and a current ratio of 2.07. Endava has a 52-week low of $2.55 and a 52-week high of $15.20. The firm has a market cap of $157.11 million, a price-to-earnings ratio of -0.27 and a beta of 1.05. The business’s fifty day moving average is $3.07 and its 200-day moving average is $4.49.

Endava (NYSE:DAVA) last released its 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 during 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. Equities analysts anticipate that Endava will post 0.15 EPS 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.