Endava - DAVA Stock Forecast, Price & News

7 Wall Street 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 research analysts is that investors should "buy" Endava stock.
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7 brokerages have issued 12 month price objectives for Endava's stock. Their DAVA stock forecasts range from $94.00 to $195.00. On average, they predict Endava's share price to reach $147.67 in the next year. This suggests a possible upside of 34.3% from the stock's current price.
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Endava's stock was trading at $167.92 at the beginning of the year. Since then, DAVA shares have decreased by 34.5% and is now trading at $109.96.
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Endava saw a decline in short interest in the month of July. As of July 15th, there was short interest totaling 311,100 shares, a decline of 30.2% from the June 30th total of 446,000 shares. Based on an average daily volume of 182,700 shares, the short-interest ratio is presently 1.7 days.
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Endava is scheduled to release its next quarterly earnings announcement on Tuesday, September 27th 2022.
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Endava plc (NYSE:DAVA) released its quarterly earnings results on Thursday, May, 12th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.10. The firm earned $169.20 million during the quarter, compared to analyst estimates of $162.36 million. Endava had a net margin of 11.84% and a trailing twelve-month return on equity of 20.94%. Endava's revenue was up 50.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 earnings per share.

Endava updated its fourth quarter 2022 earnings guidance on Thursday, June, 9th. The company provided EPS guidance of $0.54-$0.55 for the period. The company issued revenue guidance of $198.69 million-$200.93 million, compared to the consensus revenue estimate of $223.46 million.

279 employees have rated Endava CEO John Cotterell on Glassdoor.com. John Cotterell has an approval rating of 95% among Endava'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 (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."

Endava's stock is owned by a number of institutional and retail investors. Top institutional shareholders include AEGON ASSET MANAGEMENT UK Plc (0.41%), Loomis Sayles & Co. L P (0.41%), Allspring Global Investments Holdings LLC (0.33%), abrdn plc (0.27%), Kornitzer Capital Management Inc. KS (0.23%) and Russell Investments Group Ltd. (0.21%).

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 $109.96.

Endava (NYSE:DAVA) has a market capitalization of $6.13 billion and generates $601.25 million in revenue each year. The company earns $58.47 million in net income (profit) each year or $1.72 on an earnings per share basis.

Endava employs 8,883 workers across the globe.

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