Endava (DAVA) Stock Price, News & Analysis

Company Overview

Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services. The company also provides automated testing, cloud native software engineering, continuous delivery, distributed agile delivery, intelligent automation, secure development, agile applications management, cloud infrastructure, DevSecOps, service delivery, smart desk, telemetry and monitoring, organizational optimization, and transaction advisory services. Endava plc was founded in 2000 and is headquartered in London, the United Kingdom.

Key Stats

• Today's Range: $26.67 to $29.22
• 50-Day Range: $28.38 to $33.48
• 52-Week Range: $24.51 to $81.06
• Volume: 844,856 shs
• Average Volume: 525,229 shs
• Market Capitalization: $1.59 billion
• P/E Ratio: 30.59
• Dividend Yield: N/A
• Price Target: $46.01
• Consensus Rating: Moderate Buy

Endava Stock Analysis - MarketRank™

Endava scored higher than 83% of companies evaluated by MarketBeat, and ranked 189th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Endava has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Endava has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 31.37%

Earnings Growth

Earnings for Endava are expected to grow by 31.37% in the coming year, from $0.51 to $0.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Endava is 32.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.64.

Price to Earnings Ratio vs. Sector

The P/E ratio of Endava is 32.16, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 276.07.

Price to Book Value per Share Ratio

Endava has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.75% of the outstanding shares of Endava have been sold short.

Short Interest Ratio / Days to Cover

Endava has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Endava has recently increased by 12.22%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Endava does not currently pay a dividend.

Dividend Growth

Endava does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.75% of the outstanding shares of Endava have been sold short.

Short Interest Ratio / Days to Cover

Endava has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Endava has recently increased by 12.22%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.14

News Sentiment

Endava has a news sentiment score of 0.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 35 news articles for Endava this week, compared to 6 articles on an average week.

Search Interest

6 people have searched for DAVA on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

7 people have added Endava to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Endava insiders have not sold or bought any company stock.

Percentage Held by Insiders

18.77% of the stock of Endava is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

62.23% of the stock of Endava is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DAVA Stock Analysis - Frequently Asked Questions

How have DAVA shares performed this year?

Endava's stock was trading at $77.85 at the beginning of 2024. Since then, DAVA shares have decreased by 62.8% and is now trading at $28.94.
View the best growth stocks for 2024 here.

How were Endava's earnings last quarter?

Endava plc (NYSE:DAVA) posted its earnings results on Wednesday, November, 15th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm's revenue for the quarter was down 4.0% on a year-over-year basis.

Does Endava have any subsidiaries?

Endava subsidiaries include these companies: Levvel, Pet Minuta d.o.o. (Five), Comtrade Digital Services, Exozet GmbH, Intuitus Limited, Velocity Partners, ISDC, and others.

When did Endava IPO?

Endava (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.

Who are Endava's major shareholders?

Endava's top institutional investors include Kayne Anderson Rudnick Investment Management LLC (6.99%), Ensign Peak Advisors Inc (1.30%), Fourth Sail Capital LP (1.18%) and Paradice Investment Management LLC (1.11%).

How do I buy shares of Endava?

Shares of DAVA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Endava own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Endava investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Splunk (SPLK), Walt Disney (DIS), Zscaler (ZS) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 11/15/2023
• Today: 9/19/2024
• Next Earnings (Confirmed): 9/19/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Custom computer programming services
• Sub-Industry: Computer Software
• Current Symbol: NYSE:DAVA
• CUSIP: N/A
• CIK: 1656081
• Web: www.endava.com
• Phone: 442073671000
• Fax: N/A
• Employees: 12,063
• Year Founded: 2000

Price Target and Rating

• Average Stock Price Target: $46.01
• High Stock Price Target: $83.00
• Low Stock Price Target: $33.00
• Potential Upside/Downside: +59.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.90
• Trailing P/E Ratio: 32.16
• Forward P/E Ratio: 56.75
• P/E Growth: N/A
• Net Income: $113.43 million
• Net Margins: 5.69%
• Pretax Margin: 10.87%
• Return on Equity: 7.13%
• Return on Assets: 5.40%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.33
• Quick Ratio: 3.33

Sales & Book Value

• Annual Sales: $736.13 million
• Price / Sales: 2.27
• Cash Flow: $2.35 per share
• Price / Cash Flow: 12.32
• Book Value: $11.92 per share
• Price / Book: 2.43

Miscellaneous

• Outstanding Shares: 57,751,000
• Free Float: 46,911,000
• Market Cap: $1.67 billion
• Optionable: Optionable
• Beta: 1.22