Endava (DAVA) Stock Price, News & Analysis

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Endava in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DAVA shares.
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10 analysts have issued 12-month price targets for Endava's shares. Their DAVA share price targets range from $33.00 to $83.00. On average, they expect the company's share price to reach $46.41 in the next year. This suggests a possible upside of 54.5% from the stock's current price.
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Endava's stock was trading at $77.85 at the start of the year. Since then, DAVA shares have decreased by 61.4% and is now trading at $30.03.
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Endava saw a drop in short interest during the month of April. As of April 30th, there was short interest totaling 642,000 shares, a drop of 9.7% from the April 15th total of 710,600 shares. Based on an average daily trading volume, of 729,400 shares, the short-interest ratio is presently 0.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 17th 2024.
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Endava plc (NYSE:DAVA) announced its quarterly earnings data on Thursday, May, 23rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.10. The company had revenue of $221.14 million for the quarter, compared to analysts' expectations of $220.59 million. Endava had a trailing twelve-month return on equity of 7.13% and a net margin of 5.69%.

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

Endava issued an update on its fourth quarter 2024 earnings guidance on Friday, May, 24th. The company provided EPS guidance of 0.280-0.290 for the period, compared to the consensus earnings per share estimate of 0.350. The company issued revenue guidance of $243.8 million-$246.3 million, compared to the consensus revenue estimate of $234.6 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 (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.

Endava's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.68%), Bamco Inc. NY (3.67%), Wasatch Advisors LP (2.19%), Fourth Sail Capital LP (1.26%), Grandeur Peak Global Advisors LLC (0.77%) and Silvercrest Asset Management Group LLC (0.54%).

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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