Analysts Set Endava PLC Sponsored ADR (NYSE:DAVA) Target Price at $5.50

Endava PLC Sponsored ADR (NYSE:DAVA) has been given an average recommendation of “Reduce” by the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $5.50.

A number of analysts have recently commented on DAVA shares. 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 report on Friday, May 22nd. Guggenheim lowered shares of Endava from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Needham & Company LLC lowered their price target 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. Deutsche Bank Aktiengesellschaft set a $3.00 price objective on shares of Endava in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. cut shares of Endava from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $9.00 to $5.00 in a report on Friday, May 22nd.

Endava Stock Down 0.2%

Shares of NYSE:DAVA opened at $3.00 on Friday. The firm has a market capitalization of $168.85 million, a P/E ratio of -0.29 and a beta of 1.02. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a 50 day moving average price of $2.85 and a 200-day moving average price of $4.04. Endava has a 52-week low of $2.55 and a 52-week high of $14.99.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, May 21st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.20). The firm 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 2.48%. 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 research analysts anticipate that Endava will post 0.15 EPS for the current fiscal year.

Institutional Trading of Endava

A number of hedge funds have recently made changes to their positions in DAVA. EverSource Wealth Advisors LLC increased its position in Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares in the last quarter. Advisory Services Network LLC bought a new stake in Endava in the third quarter worth $28,000. Quadrant Capital Group LLC grew its stake in shares of Endava by 901.8% in the fourth 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 during the last quarter. Vident Advisory LLC purchased a new stake in shares of Endava in the second quarter worth $160,000. Finally, Jane Street Group LLC increased its holdings in shares of Endava by 16.1% during the first quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock valued at $208,000 after acquiring an additional 1,482 shares in the last quarter. 62.23% of the stock is owned by institutional investors.

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.