Endava PLC Sponsored ADR (NYSE:DAVA) Receives Consensus Rating of “Reduce” from Analysts

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been assigned an average recommendation of “Reduce” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.1429.

A number of equities analysts recently weighed in on DAVA shares. Guggenheim cut their price target on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Needham & Company LLC cut their price target on shares of Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday. TD Cowen reissued a “buy” rating on shares of Endava in a report on Friday. CLSA set a $5.00 price target on shares of Endava in a report on Friday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a report on Tuesday, April 7th.

Hedge Funds Weigh In On Endava

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. purchased a new position in shares of Endava in the 4th quarter worth about $24,563,000. Invesco Ltd. raised its stake in Endava by 6.4% in the 2nd quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock valued at $56,088,000 after acquiring an additional 220,465 shares during the period. Paradice Investment Management LLC raised its stake in Endava by 61.9% in the 4th quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock valued at $19,149,000 after acquiring an additional 1,157,921 shares during the period. CDAM UK Ltd raised its stake in Endava by 28.2% in the 4th quarter. CDAM UK Ltd now owns 2,979,658 shares of the company’s stock valued at $18,831,000 after acquiring an additional 655,078 shares during the period. Finally, Prescott Group Capital Management L.L.C. raised its stake in Endava by 32.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,606,324 shares of the company’s stock valued at $10,152,000 after acquiring an additional 389,970 shares during the period. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Price Performance

DAVA opened at $3.34 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 2.39. The company has a market capitalization of $187.46 million, a price-to-earnings ratio of -0.32 and a beta of 1.11. The firm’s fifty day moving average price is $4.33 and its two-hundred day moving average price is $5.62. Endava has a 1 year low of $3.20 and a 1 year high of $17.36.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, May 21st. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). The company had revenue of $236.44 million during the quarter, compared to analysts’ expectations of $242.79 million. Endava had a positive return on equity of 2.14% and a negative net margin of 57.01%.Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. As a group, analysts anticipate that Endava will post 0.48 earnings per share for the current fiscal year.

Key Stories Impacting Endava

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Needham & Company trimmed its price target but kept a buy rating, suggesting some analysts still see rebound potential for Endava despite the weak quarter.
• Neutral Sentiment: TD Cowen lowered its target to $4.00 and maintained a hold view, reflecting a more cautious but not outright bearish stance on the name.
• Neutral Sentiment: Morgan Stanley cut its target to $4.00 and kept an equal weight rating, indicating the firm sees limited near-term upside but not a dramatic deterioration beyond current expectations.
• Neutral Sentiment: JPMorgan reaffirmed an underweight rating while reducing its target, underscoring that sentiment on the stock remains subdued after the earnings update.
• Negative Sentiment: Endava reported fiscal Q3 EPS of $0.07 versus the $0.27 consensus and revenue of $236.4 million versus $242.8 million expected, then cut FY26 EPS and revenue guidance below estimates. Endava Announces Third Quarter Fiscal Year 2026 Results
• Negative Sentiment: Johnson Fistel said it is investigating potential securities-law violations tied to investor losses, adding a legal-overhang headline that may further weigh on shares. Endava plc Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses

Endava Company Profile

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.