Endava (NYSE:DAVA) Upgraded by Zacks Research to “Hold” Rating

Endava (NYSE:DAVA) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on DAVA. Needham & Company LLC cut their price target on shares of Endava from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, May 21st. CLSA set a $5.00 price objective on Endava in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft set a $3.00 target price on Endava in a research report on Friday, July 10th. JPMorgan Chase & Co. downgraded Endava from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $9.00 to $5.00 in a research note on Friday, May 22nd. Finally, Weiss Ratings cut Endava from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Endava currently has a consensus rating of “Reduce” and a consensus target price of $5.50.

Endava Stock Performance

NYSE:DAVA opened at $2.73 on Monday. 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 firm has a market cap of $153.73 million, a price-to-earnings ratio of -0.26 and a beta of 1.05. The firm’s fifty day moving average price is $3.03 and its 200 day moving average price is $4.43. Endava has a 1-year low of $2.55 and a 1-year high of $15.20.

Endava (NYSE:DAVA) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). Endava had a positive return on equity of 2.48% and a negative net margin of 57.01%.The firm had revenue of $236.44 million for 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. On average, sell-side analysts expect that Endava will post 0.15 EPS for the current year.

Institutional Trading of Endava

Several large investors have recently bought and sold shares of DAVA. T. Rowe Price Investment Management Inc. acquired a new position in shares of Endava during the 4th quarter worth $24,563,000. Invesco Ltd. grew its stake in Endava by 6.4% in the 2nd quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock valued at $56,088,000 after acquiring an additional 220,465 shares during the last quarter. Paradice Investment Management LLC increased its holdings in Endava by 61.9% during the 4th quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock valued at $19,149,000 after acquiring an additional 1,157,921 shares in the last quarter. CDAM UK Ltd increased its holdings in Endava by 28.2% during the 4th quarter. CDAM UK Ltd now owns 2,979,658 shares of the company’s stock valued at $18,831,000 after acquiring an additional 655,078 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its position in Endava by 32.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 1,606,324 shares of the company’s stock worth $10,152,000 after acquiring an additional 389,970 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.