Endava - DAVA Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Endava in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DAVA shares.
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6 Wall Street analysts have issued 12-month price targets for Endava's stock. Their DAVA share price forecasts range from $78.00 to $125.00. On average, they anticipate the company's share price to reach $106.44 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price.
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Endava's stock was trading at $167.92 on January 1st, 2022. Since then, DAVA stock has decreased by 52.8% and is now trading at $79.30.
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Endava saw a increase in short interest in October. As of October 31st, there was short interest totaling 528,100 shares, an increase of 46.1% from the October 15th total of 361,400 shares. Based on an average trading volume of 251,200 shares, the days-to-cover ratio is currently 2.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Endava plc (NYSE:DAVA) released its quarterly earnings results on Tuesday, September, 27th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.19. The firm had revenue of $226.82 million for the quarter, compared to the consensus estimate of $219.99 million. Endava had a net margin of 13.26% and a trailing twelve-month return on equity of 22.06%.

Endava updated its second quarter 2023 earnings guidance on Tuesday, November, 15th. The company provided earnings per share guidance of $0.65-$0.67 for the period, compared to the consensus earnings per share estimate of $0.68. The company issued revenue guidance of $236.64 million-$238.96 million, compared to the consensus revenue estimate of $242.06 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 a price of $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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DAVA."

Endava's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (12.95%), Grandeur Peak Global Advisors LLC (3.53%), Massachusetts Financial Services Co. MA (1.62%), BlackRock Inc. (1.18%), CDAM UK Ltd (1.14%) and Ensign Peak Advisors Inc (1.01%).

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 $79.30.

Endava (NYSE:DAVA) has a market capitalization of $4.50 billion and generates $871.63 million in revenue each year. The company earns $110.61 million in net income (profit) each year or $2.08 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.