Endava (DAVA) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Endava in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DAVA shares.
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8 equities research analysts have issued 1-year price objectives for Endava's shares. Their DAVA share price forecasts range from $53.00 to $120.00. On average, they predict the company's stock price to reach $87.75 in the next twelve months. This suggests a possible upside of 85.4% from the stock's current price.
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Endava's stock was trading at $76.50 at the beginning of the year. Since then, DAVA shares have decreased by 38.1% and is now trading at $47.33.
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Endava saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,390,000 shares, an increase of 13.0% from the April 15th total of 1,230,000 shares. Based on an average trading volume of 311,200 shares, the short-interest ratio is presently 4.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, September 26th 2023.
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Endava plc (NYSE:DAVA) posted its quarterly earnings data on Monday, November, 15th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.06. The company earned $147.50 million during the quarter, compared to analysts' expectations of $144.69 million. Endava had a trailing twelve-month return on equity of 19.77% and a net margin of 12.53%. The business's revenue for the quarter was up 55.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS.

ETFs with the largest weight of Endava (NYSE:DAVA) stock in their portfolio include SPDR FactSet Innovative Technology ETF (XITK).Franklin Exponential Data ETF (XDAT).

Endava issued an update on its fourth quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $0.55-$0.57 for the period, compared to the consensus EPS estimate of $0.71. The company issued revenue guidance of $235.62 million-$238.14 million, compared to the consensus revenue estimate of $259.34 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 $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."

Endava's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (15.13%), Grandeur Peak Global Advisors LLC (5.09%), FMR LLC (2.75%), Wasatch Advisors LP (2.34%), DF Dent & Co. Inc. (2.20%) and CDAM UK Ltd (1.75%).

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 $47.33.

Endava (NYSE:DAVA) has a market capitalization of $2.69 billion and generates $871.63 million in revenue each year. The company earns $110.61 million in net income (profit) each year or $2.06 on an earnings per share basis.

The company employs 11,853 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.