Endava (DAVA) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Endava in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DAVA shares.
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8 equities research analysts have issued 12-month target prices for Endava's shares. Their DAVA share price forecasts range from $53.00 to $120.00. On average, they expect the company's stock price to reach $78.67 in the next twelve months. This suggests a possible upside of 38.1% from the stock's current price.
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Endava's stock was trading at $76.50 at the beginning of 2023. Since then, DAVA shares have decreased by 25.6% and is now trading at $56.95.
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Endava saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,050,000 shares, a decline of 16.0% from the August 31st total of 1,250,000 shares. Based on an average trading volume of 277,400 shares, the short-interest ratio is currently 3.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 21st 2023.
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Endava plc (NYSE:DAVA) issued its earnings results on Tuesday, September, 19th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.12. The business earned $189.80 million during the quarter, compared to analyst estimates of $188.53 million. Endava had a trailing twelve-month return on equity of 18.07% and a net margin of 11.86%. The company's revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 EPS.

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).

Endava updated its first quarter 2024 earnings guidance on Tuesday, September, 19th. The company provided EPS guidance of $0.43-$0.44 for the period, compared to the consensus estimate of $0.61. The company issued revenue guidance of $232.78 million-$234.03 million, compared to the consensus revenue estimate of $244.44 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).

(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 acted as the underwriters for the IPO and Cowen and William Blair were co-managers.

Endava trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAVA."

Shares of DAVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DAVA stock can currently be purchased for approximately $56.95.

Endava (NYSE:DAVA) has a market capitalization of $3.29 billion and generates $957.12 million in revenue each year. The company earns $113.43 million in net income (profit) each year or $1.97 on an earnings per share basis.

The company employs 12,063 workers across the globe.

Endava's mailing address is 125 OLD BROAD STREET, LONDON X0, EC2N 1AR. The official website for the company is www.endava.com. The company can be reached via phone at 442073671000 or via email at investors@endava.com.