Endava (NYSE:DAVA) Upgraded at Zacks Research

Zacks Research upgraded shares of Endava (NYSE:DAVA) from a strong sell rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Morgan Stanley decreased their price objective on Endava from $8.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, May 22nd. TD Cowen cut their target price on shares of Endava from $4.00 to $3.50 and set a “hold” rating for the company in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $3.00 price target on shares of Endava in a research report on Friday, July 10th. CLSA set a $5.00 price target on shares of Endava in a research note on Friday, May 22nd. Finally, Guggenheim lowered shares of Endava from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.50.

Endava Stock Up 0.6%

Shares of DAVA stock opened at $2.75 on Monday. The stock has a market cap of $154.41 million, a P/E ratio of -0.26 and a beta of 1.05. The company’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $4.40. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.13. Endava has a 52 week low of $2.55 and a 52 week high of $15.20.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, May 21st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). Endava had a positive return on equity of 2.48% and a negative net margin of 57.01%.The firm had revenue of $236.44 million during the quarter, compared to analysts’ expectations of $242.79 million. Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. Analysts predict that Endava will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Endava

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC lifted its holdings in shares of Endava by 16.1% in the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after buying an additional 1,482 shares during the period. Geode Capital Management LLC purchased a new stake in shares of Endava during the 2nd quarter worth $205,000. Invesco Ltd. boosted its position in Endava by 6.4% during the second quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock valued at $56,088,000 after purchasing an additional 220,465 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Endava by 14.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 105,048 shares of the company’s stock worth $1,609,000 after acquiring an additional 13,490 shares in the last quarter. 62.23% of the stock is owned by hedge funds and other 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.