Endava - DAVA Stock Forecast, Price & News

6 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 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DAVA shares.
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6 equities research analysts have issued 12-month price objectives for Endava's shares. Their DAVA share price forecasts range from $78.00 to $125.00. On average, they expect the company's stock price to reach $108.11 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price.
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Endava's stock was trading at $76.50 on January 1st, 2023. Since then, DAVA shares have increased by 15.0% and is now trading at $88.00.
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Endava saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 646,200 shares, an increase of 13.6% from the December 15th total of 568,800 shares. Based on an average daily trading volume, of 269,000 shares, the days-to-cover ratio is currently 2.4 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 data on Tuesday, November, 15th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.28. The firm earned $231.01 million during the quarter, compared to analysts' expectations of $205.56 million. Endava had a trailing twelve-month return on equity of 22.06% and a net margin of 13.26%.

Endava updated its second quarter 2023 earnings guidance on Thursday, December, 15th. The company provided EPS guidance of $0.65-$0.67 for the period, compared to the consensus EPS 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 (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 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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.37%), Oak Ridge Investments LLC (0.08%), Baystate Wealth Management LLC (0.07%), Natixis Advisors L.P. (0.06%), Pendal Group Ltd (0.01%) and Verdence Capital Advisors LLC (0.01%).

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 $88.00.

Endava (NYSE:DAVA) has a market capitalization of $4.99 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.