Endava (NYSE:DAVA) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Endava (NYSE:DAVA) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other equities analysts have also commented on DAVA. Morgan Stanley reduced their price objective on Endava from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, May 22nd. Needham & Company LLC dropped their target price on Endava from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. TD Cowen cut their target price on Endava from $4.00 to $3.50 and set a “hold” rating for the company in a research note on Thursday, July 9th. Guggenheim cut shares of Endava from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Finally, CLSA set a $5.00 price target on shares of Endava in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $5.50.

Endava Stock Down 1.6%

Shares of NYSE:DAVA opened at $2.73 on Monday. Endava has a 52-week low of $2.55 and a 52-week high of $15.20. The firm has a fifty day moving average of $3.03 and a 200 day moving average of $4.43. The firm has a market capitalization of $153.73 million, a PE ratio of -0.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.07 and a current ratio of 2.07.

Endava (NYSE:DAVA) last released its earnings results on Thursday, May 21st. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.20). Endava had a negative net margin of 57.01% and a positive return on equity of 2.48%. The firm had revenue of $236.44 million during the quarter, compared to the consensus estimate of $242.79 million. Endava has set its Q4 2026 guidance at 0.120-0.180 EPS and its FY 2026 guidance at 0.610-0.660 EPS. As a group, research analysts anticipate that Endava will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DAVA. Advisory Services Network LLC purchased a new stake in Endava during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its stake in Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares during the period. Quadrant Capital Group LLC increased its stake in Endava by 901.8% in the 4th quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock worth $39,000 after purchasing an additional 5,492 shares during the period. Perennial Advisors LLC purchased a new position in Endava in the 4th quarter worth approximately $63,000. Finally, Vident Advisory LLC bought a new stake in Endava in the fourth quarter valued at approximately $68,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.