Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in Europe, Latin America, North America, and internationally. The company offers technology and digital advisory services for payments and financial services, and TMT sectors; IT strategies; business analysis services; program management services; digital product strategy services; and architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services. It also engages in the identifying, defining, and embedding collaborative data and analytics; and provision of automated testing, cloud native software engineering, continuous delivery, distributed agile delivery, intelligent automation, secure development, agile applications management, cloud infrastructure, DevSecOps, service delivery, smart desk, and telemetry and monitoring services. The company was founded in 2000 and is headquartered in London, the United Kingdom.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Cowen reduced their target price on shares of Endava from $155.00 to $125.00 in a report on Friday, May 13th. Cowen reduced their target price on shares of Endava from $155.00 to $125.00 in a report on Friday, May 13th. Susquehanna reduced their target price on shares of Endava from $200.00 to $150.00 in a report on Friday, May 13th. Wedbush cut their price target on shares of Endava from $200.00 to $120.00 in a research note on Monday, May 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Endava from $154.00 to $94.00 in a research note on Friday, May 13th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $147.67.
Endava Stock Down 1.5 %
DAVA Stock opened at $109.96 on Monday. Endava has a 12 month low of $82.01 and a 12 month high of $172.41. The firm has a market cap of $6.13 billion, a P/E ratio of 63.93 and a beta of 1.22. The company's 50-day moving average price is $95.53 and its two-hundred day moving average price is $109.75.
Endava (NYSE:DAVA - Get Rating) last released its earnings results on Thursday, May 12th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.37 by $0.10. Endava had a net margin of 11.84% and a return on equity of 20.94%. The firm had revenue of $169.20 million for the quarter, compared to analyst estimates of $162.36 million. During the same period last year, the firm earned $0.32 EPS. The business's quarterly revenue was up 50.7% compared to the same quarter last year. Equities analysts predict that Endava will post 1.61 EPS for the current year.