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

Endava PLC Sponsored ADR (NYSE:DAVA) has been assigned an average recommendation of “Reduce” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $7.4286.

Several research analysts have recently weighed in on DAVA shares. JPMorgan Chase & Co. downgraded Endava from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $9.00 to $5.00 in a research note on Friday, May 22nd. TD Cowen reiterated a “buy” rating on shares of Endava in a research note on Friday, May 22nd. Zacks Research downgraded Endava from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 21st. Morgan Stanley cut their price target on Endava from $8.00 to $4.00 and set an “equal weight” rating for the company in a research note on Friday, May 22nd. Finally, Guggenheim downgraded Endava from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DAVA. T. Rowe Price Investment Management Inc. bought a new position in Endava in the 4th quarter worth about $24,563,000. Paradice Investment Management LLC boosted 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 worth $19,149,000 after purchasing an additional 1,157,921 shares during the period. Invenomic Capital Management LP bought a new position in Endava in the 4th quarter worth about $4,691,000. CDAM UK Ltd boosted 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 worth $18,831,000 after purchasing an additional 655,078 shares during the period. Finally, UBS Group AG boosted its stake in Endava by 128.4% in the 3rd quarter. UBS Group AG now owns 756,082 shares of the company’s stock worth $6,880,000 after purchasing an additional 425,106 shares during the period. Institutional investors own 62.23% of the company’s stock.

Endava Trading Down 4.6%

Shares of Endava stock opened at $2.77 on Thursday. Endava has a 1 year low of $2.67 and a 1 year high of $16.05. The firm has a market cap of $155.48 million, a PE ratio of -0.26 and a beta of 1.05. The stock has a fifty day moving average price of $3.77 and a 200-day moving average price of $5.07. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.07 and a quick ratio of 2.07.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Thursday, May 21st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.20). The firm had revenue of $236.44 million for the quarter, compared to the consensus estimate of $242.79 million. Endava had a positive return on equity of 2.58% 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. Equities research analysts anticipate that Endava will post 0.21 EPS for the current year.

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.