Endava Stock Price, News & Analysis (NYSE:DAVA)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Endava in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DAVA shares.
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7 analysts have issued twelve-month target prices for Endava's stock. Their DAVA share price targets range from $53.00 to $90.00. On average, they anticipate the company's share price to reach $74.13 in the next twelve months. This suggests a possible upside of 13.7% 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 stock has decreased by 14.8% and is now trading at $65.17.
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Endava saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 697,700 shares, an increase of 5.3% from the October 31st total of 662,300 shares. Based on an average daily trading volume, of 338,200 shares, the days-to-cover ratio is presently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
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Endava plc (NYSE:DAVA) posted its quarterly earnings results on Wednesday, November, 15th. The company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The firm earned $188.40 million during the quarter, compared to the consensus estimate of $186.47 million. Endava had a net margin of 9.62% and a trailing twelve-month return on equity of 13.27%. The business's revenue was down 4.0% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share.

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 second quarter 2024 earnings guidance on Wednesday, November, 15th. The company provided earnings per share guidance of $0.34-$0.35 for the period, compared to the consensus EPS estimate of $0.39. The company issued revenue guidance of $222.64 million-$223.85 million, compared to the consensus revenue estimate of $228.86 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 initial public offering 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 served as the underwriters for the IPO and Cowen and William Blair were co-managers.

Endava's stock is owned by many different retail and institutional investors. Top institutional investors include Bamco Inc. NY (4.25%), FMR LLC (3.13%), Kayne Anderson Rudnick Investment Management LLC (1.76%), Invesco Ltd. (1.50%), Massachusetts Financial Services Co. MA (0.86%) and Ameriprise Financial Inc. (0.68%).

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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