Should I buy or sell Endava stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Endava in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DAVA shares. View DAVA analyst ratings or view top-rated stocks .

What is Endava's stock price target for 2024?

8 Wall Street research analysts have issued 12 month price objectives for Endava's stock. Their DAVA share price targets range from $40.00 to $83.00. On average, they expect the company's share price to reach $60.78 in the next year. This suggests a possible upside of 100.2% from the stock's current price. View analysts price targets for DAVA or view top-rated stocks among Wall Street analysts .

How have DAVA shares performed in 2024?

Endava's stock was trading at $77.85 at the start of the year. Since then, DAVA shares have decreased by 61.0% and is now trading at $30.36. View the best growth stocks for 2024 here .

Are investors shorting Endava?

Endava saw a increase in short interest in 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 trading volume, of 577,400 shares, the short-interest ratio is currently 1.2 days. View Endava's Short Interest .

When is Endava's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024. View our DAVA earnings forecast .

How were Endava's earnings last quarter?

Endava plc (NYSE:DAVA) released 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 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%.

What ETFs hold Endava's stock?

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) .

What guidance has Endava issued on next quarter's earnings?

Endava issued an update on its third quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share 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.

What is John Cotterell's approval rating as Endava's CEO?

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.

What other stocks do shareholders of Endava own?

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 a price of $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.

Who are Endava's major shareholders?

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

How do I buy shares of Endava?

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. Compare Top Brokerages Here .

Does Endava have any subsidiaries?

The following companies are subsidiares of Endava: Comtrade Digital Services, Endava (UK) Ltd., Endava D.O.O. Beograd, Endava Inc., Endava Romania SRL, Exozet GmbH, ISDC, Intuitus Limited, Levvel, Nickelfish, Pet Minuta d.o.o. (Five), and Velocity Partners. Read More

NYSE:DAVA

Endava (DAVA) Stock Price, News & Analysis

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$30.37

+0.28 (+0.93%)

(As of 04/18/2024 ET)

Compare

Today's Range: $29.83
▼
$31.05
50-Day Range: $30.08
▼
$71.79
52-Week Range: $29.69
▼
$81.06

Volume: 882,009 shs
Average Volume: 583,322 shs
Market Capitalization: $1.75 billion

P/E Ratio: 20.94
Dividend Yield: N/A
Price Target: $60.78

Get Endava alerts:

Endava MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 100.2% Upside
$60.78 Price Target
Short Interest: Healthy
1.19% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.02
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 62.12%
From $0.66 to $1.07 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.08 out of 5 stars

Computer And Technology Sector

156th out of 586 stocks

Custom Computer Programming Services Industry

7th out of 23 stocks

4.3

Analyst's Opinion

Consensus Rating
Endava has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Endava has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.19% of the outstanding shares of Endava have been sold short.
Short Interest Ratio / Days to Cover
Endava has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Endava has recently increased by 56.60%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Endava does not currently pay a dividend.
Dividend Growth
Endava does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DAVA.

1.1

News and Social Media Coverage

News Sentiment
Endava has a news sentiment score of 0.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Endava this week, compared to 4 articles on an average week.
Search Interest
Only 5 people have searched for DAVA on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Endava to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Endava insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.77% of the stock of Endava is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
62.23% of the stock of Endava is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Endava are expected to grow by 62.12% in the coming year, from $0.66 to $1.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Endava is 20.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Endava is 20.94, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.69.
Price to Book Value per Share Ratio
Endava has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Endava Stock (NYSE:DAVA)

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services. The company also provides automated testing, cloud native software engineering, continuous delivery, distributed agile delivery, intelligent automation, secure development, agile applications management, cloud infrastructure, DevSecOps, service delivery, smart desk, telemetry and monitoring, organizational optimization, and transaction advisory services. Endava plc was founded in 2000 and is headquartered in London, the United Kingdom.

DAVA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DAVA Stock News Headlines

April 12, 2024 | americanbankingnews.com

Endava (NYSE:DAVA) Sets New 1-Year Low at $31.82

April 10, 2024 | businesswire.com

Endava Completes Acquisition of GalaxE Solutions

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 9, 2024 | wsj.com

Endava Ltd. ADR

April 9, 2024 | americanbankingnews.com

Endava plc (NYSE:DAVA) Given Consensus Rating of "Moderate Buy" by Brokerages

April 5, 2024 | finance.yahoo.com

Will Endava (DAVA) Benefit from a Stabilized Demand Environment?

March 26, 2024 | finance.yahoo.com

Despite delivering investors losses of 53% over the past 3 years, Endava (NYSE:DAVA) has been growing its earnings

March 21, 2024 | seekingalpha.com

Endava: Downgraded To Hold As Outlook And Execution Became Very Uncertain

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 20, 2024 | finance.yahoo.com

Do you Think Endava (DAVA) will Benefit From an Improved Demand Environment?

March 19, 2024 | msn.com

Endava Analyst Turns Bullish After Investor Lunch: 'Stock Is Much More Attractive'

March 19, 2024 | msn.com

Endava rises after J.P. Morgan upgrades on attractive risk-reward

March 17, 2024 | finance.yahoo.com

DAVA Apr 2024 45.000 put

March 16, 2024 | finance.yahoo.com

DAVA Apr 2024 65.000 call

March 16, 2024 | finance.yahoo.com

DAVA Apr 2024 65.000 put

March 14, 2024 | seekingalpha.com

Endava Suffers From Client Spending Doldrums (Downgrade)

March 12, 2024 | investorplace.com

The 3 Most Undervalued Growth Stocks to Buy in March 2024

March 12, 2024 | markets.businessinsider.com

Susquehanna Maintains Positive Rating for Endava: Here's What You Need To Know

March 11, 2024 | msn.com

Top 5 Tech Stocks That Could Blast Off In March

March 11, 2024 | benzinga.com

Top 5 Tech Stocks That Could Blast Off In March - Endava (NYSE:DAVA), Aurora Innovation (NASDAQ:AUR)

March 6, 2024 | investorplace.com

3 Stocks Set to Double: Your Fast Track to 2024 Gains

March 5, 2024 | finance.yahoo.com

Do You Believe in the Growth Prospects of Endava plc (DAVA)?

March 3, 2024 | finance.yahoo.com

DAVA Oct 2024 40.000 put

March 2, 2024 | seekingalpha.com

Endava plc (DAVA) Q2 2024 Earnings Call Transcript

March 2, 2024 | msn.com

Citigroup Downgrades Endava plc - Depositary Receipt () (DAVA)

March 2, 2024 | finance.yahoo.com

Endava Second Quarter 2024 Earnings: EPS Misses Expectations

March 1, 2024 | msn.com

Citi downgrades Endava to Neutral, a day after Q2 results

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/28/2024
Fiscal Year End: 6/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Custom computer programming services
Sub-Industry: N/A
Current Symbol: NYSE:DAVA
CUSIP: N/A
CIK: 1656081
Web: www.endava.com
Phone: 442073671000
Fax: N/A
Employees: 12,063
Year Founded: 2000

Price Target and Rating

Average Stock Price Target: $60.78
High Stock Price Target: $83.00
Low Stock Price Target: $40.00
Potential Upside/Downside: +100.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.45
Trailing P/E Ratio: 20.94
Forward P/E Ratio: 46.02
P/E Growth: N/A
Net Income: $113.43 million
Net Margins: 8.88%
Pretax Margin: 10.87%
Return on Equity: 11.77%
Return on Assets: 8.89%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.33
Quick Ratio: 3.33

Sales & Book Value

Annual Sales: $957.12 million
Price / Sales: 1.83
Cash Flow: $2.62 per share
Price / Cash Flow: 11.61
Book Value: $11.92 per share
Price / Book: 2.55

Miscellaneous

Outstanding Shares: 57,750,000
Free Float: 46,911,000
Market Cap: $1.75 billion
Optionable: Optionable
Beta: 1.10

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Key Executives

Mr. John E. Cotterell (Age 64)
Founder, CEO & Director
Comp: $833.42k
Mr. Mark S. Thurston (Age 60)
CFO & Director
Comp: $498.79k
Mr. Julian Bull (Age 53)
Chief Operating Officer
Mr. Matt Cloke
Chief Technology Officer
Mr. Rohit Bhoothalingam (Age 51)
General Counsel & Secretary
Mr. David Churchill
Chief People Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

DAVA Stock Analysis - Frequently Asked Questions

Should I buy or sell Endava stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Endava in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DAVA shares.
View DAVA analyst ratings or view top-rated stocks.
What is Endava's stock price target for 2024?: 8 Wall Street research analysts have issued 12 month price objectives for Endava's stock. Their DAVA share price targets range from $40.00 to $83.00. On average, they expect the company's share price to reach $60.78 in the next year. This suggests a possible upside of 100.2% from the stock's current price.
View analysts price targets for DAVA or view top-rated stocks among Wall Street analysts.
How have DAVA shares performed in 2024?: Endava's stock was trading at $77.85 at the start of the year. Since then, DAVA shares have decreased by 61.0% and is now trading at $30.36.
View the best growth stocks for 2024 here.
Are investors shorting Endava?: Endava saw a increase in short interest in 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 trading volume, of 577,400 shares, the short-interest ratio is currently 1.2 days.
View Endava's Short Interest.
When is Endava's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our DAVA earnings forecast.
How were Endava's earnings last quarter?: Endava plc (NYSE:DAVA) released 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 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%.
What ETFs hold Endava's stock?: 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).
What guidance has Endava issued on next quarter's earnings?: Endava issued an update on its third quarter 2024 earnings guidance on Thursday, February, 29th. The company provided earnings per share 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.

What is John Cotterell's approval rating as Endava's CEO?: 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.
What other stocks do shareholders of Endava own?: 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).
When did Endava IPO?: Endava (DAVA) raised $101 million in an IPO 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 served as the underwriters for the IPO and Cowen and William Blair were co-managers.
Who are Endava's major shareholders?: Endava's stock is owned by many different retail and institutional investors. Top institutional investors include Fourth Sail Capital LP (1.26%), Park Avenue Securities LLC (0.02%) and Wallace Advisory Group LLC (0.01%).
How do I buy shares of Endava?: 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.
Compare Top Brokerages Here.
Does Endava have any subsidiaries?: The following companies are subsidiares of Endava: Comtrade Digital Services, Endava (UK) Ltd., Endava D.O.O. Beograd, Endava Inc., Endava Romania SRL, Exozet GmbH, ISDC, Intuitus Limited, Levvel, Nickelfish, Pet Minuta d.o.o. (Five), and Velocity Partners.
Read More

This page (NYSE:DAVA) was last updated on 4/18/2024 by MarketBeat.com Staff

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