Endava (DAVA) Stock Price, News & Analysis

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Endava in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DAVA shares.
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8 brokerages have issued 1-year target prices for Endava's stock. Their DAVA share price targets range from $33.00 to $83.00. On average, they predict the company's share price to reach $55.56 in the next year. This suggests a possible upside of 83.5% from the stock's current price.
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Endava's stock was trading at $77.85 at the beginning of 2024. Since then, DAVA shares have decreased by 61.1% and is now trading at $30.28.
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Endava saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 688,400 shares, an increase of 56.6% from the March 15th total of 439,600 shares. Based on an average trading volume of 577,400 shares, the days-to-cover ratio is presently 1.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
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Endava plc (NYSE:DAVA) posted its quarterly earnings results on Thursday, February, 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. The firm had revenue of $227.96 million for the quarter, compared to analysts' expectations of $231.07 million. Endava had a net margin of 8.88% and a trailing twelve-month return on equity of 11.77%.

ETFs with the largest weight of Endava (NYSE:DAVA) stock in their portfolio include Sovereigns Capital Flourish Fund (SOVF), T. Rowe Price International Equity ETF (TOUS) and Fidelity Metaverse ETF (FMET).Franklin Exponential Data ETF (XDAT).

Endava issued an update on its third quarter 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 0.210-0.240 for the period, compared to the consensus EPS estimate of 0.510. The company issued revenue guidance of $216.0 million-$218.5 million, compared to the consensus revenue estimate of $254.9 million.

279 employees have rated Endava Chief Executive Officer John Cotterell on Glassdoor.com. John Cotterell has an approval rating of 95% among the company's employees. This puts John Cotterell in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Endava investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Splunk (SPLK), Walt Disney (DIS), Zscaler (ZS), Advanced Micro Devices (AMD), PayPal (PYPL), Taiwan Semiconductor Manufacturing (TSM) and Mastercard (MA).

Endava (DAVA) raised $101 million in an initial public offering on Friday, July 27th 2018. The company issued 5,600,000 shares at a price of $17.00-$19.00 per share. Morgan Stanley, Citigroup, Credit Suisse and Deutsche Bank Securities acted as the underwriters for the IPO and Cowen and William Blair were co-managers.

Endava's stock is owned by many different retail and institutional investors. Top institutional investors include Wasatch Advisors LP (2.19%), Fourth Sail Capital LP (1.26%), Norden Group LLC (0.38%), Raymond James & Associates (0.28%), Azzad Asset Management Inc. ADV (0.09%) and Allspring Global Investments Holdings LLC (0.07%).

Shares of DAVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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