Endava - DAVA Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Endava in the last year. There are currently 1 hold rating and 6 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 price targets for Endava's shares. Their DAVA share price forecasts range from $78.00 to $125.00. On average, they expect the company's share price to reach $101.44 in the next year. This suggests a possible upside of 54.9% from the stock's current price.
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Endava's stock was trading at $76.50 at the start of the year. Since then, DAVA stock has decreased by 14.4% and is now trading at $65.50.
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Endava saw a increase in short interest in February. As of February 28th, there was short interest totaling 807,100 shares, an increase of 19.0% from the February 13th total of 678,500 shares. Based on an average trading volume of 251,500 shares, the days-to-cover ratio is presently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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Endava plc (NYSE:DAVA) released its quarterly earnings data on Tuesday, February, 14th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.14. The firm earned $240.94 million during the quarter, compared to the consensus estimate of $236.78 million. Endava had a trailing twelve-month return on equity of 20.38% and a net margin of 12.52%.

ETFs with the largest weight of Endava (NYSE:DAVA) stock in their portfolio include SPDR FactSet Innovative Technology ETF (XITK), BlackRock Future Tech ETF (BTEK), Franklin Exponential Data ETF (XDAT) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT).

Endava issued an update on its FY 2023 earnings guidance on Tuesday, February, 14th. The company provided EPS guidance of $2.71-$2.77 for the period, compared to the consensus earnings per share estimate of $2.88. The company issued revenue guidance of $998.76M-$1.00 billion, compared to the consensus revenue estimate of $1.02 billion.

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 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 variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (14.54%), Bamco Inc. NY (4.27%), 1832 Asset Management L.P. (1.72%), WCM Investment Management LLC (0.91%), Lord Abbett & CO. LLC (0.72%) and Marshall Wace LLP (0.72%).

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 $65.50.

Endava (NYSE:DAVA) has a market capitalization of $3.72 billion and generates $871.63 million in revenue each year. The company earns $110.61 million in net income (profit) each year or $2.02 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.