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 Wall Street research analysts have issued 1-year price objectives for Endava's stock. Their DAVA share price targets range from $40.00 to $83.00. On average, they anticipate the company's stock price to reach $60.78 in the next twelve months. This suggests a possible upside of 96.8% from the stock's current price.
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Endava's stock was trading at $77.85 at the beginning of the year. Since then, DAVA stock has decreased by 60.3% and is now trading at $30.88.
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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 daily volume of 577,400 shares, the short-interest 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 data on Thursday, February, 29th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by $0.01. The business had revenue of $227.96 million for the quarter, compared to the consensus estimate 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 T. Rowe Price International Equity ETF (TOUS).Franklin Exponential Data ETF (XDAT).

Endava issued an update on its third quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share (EPS) guidance of 0.210-0.240 for the period, compared to the consensus earnings per share 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 IPO on Friday, July 27th 2018. The company issued 5,600,000 shares at $17.00-$19.00 per share. Morgan Stanley, Citigroup, Credit Suisse and Deutsche Bank Securities served as the underwriters for the IPO and Cowen and William Blair were co-managers.

Endava's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Fourth Sail Capital LP (1.26%), Park Avenue Securities LLC (0.02%) and Wallace Advisory Group LLC (0.01%).

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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