Endava (NYSE:DAVA) Issues Q2 2026 Earnings Guidance

Endava (NYSE:DAVA) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.200-0.230 for the period, compared to the consensus EPS estimate of 0.110. The company issued revenue guidance of $241.4 million-$245.5 million, compared to the consensus revenue estimate of $251.1 million. Endava also updated its FY 2026 guidance to 1.080-1.190 EPS.

Analysts Set New Price Targets

DAVA has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on Endava from $17.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, September 5th. JPMorgan Chase & Co. lowered their price target on shares of Endava from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Guggenheim lowered their target price on shares of Endava from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, September 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Endava in a report on Thursday, July 17th. They issued a “hold” rating and a $14.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Endava currently has an average rating of “Hold” and a consensus target price of $20.00.

Endava Trading Down 26.2%

NYSE:DAVA opened at $6.96 on Wednesday. The firm has a market capitalization of $390.94 million, a P/E ratio of 15.46 and a beta of 1.18. Endava has a 52 week low of $6.64 and a 52 week high of $34.94. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $9.24 and a 200 day moving average of $12.98.

Institutional Trading of Endava

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its position in Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the last quarter. Vident Advisory LLC bought a new stake in Endava during the 2nd quarter valued at about $160,000. Jane Street Group LLC lifted its position in Endava by 16.1% in the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock valued at $208,000 after acquiring an additional 1,482 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Endava during the second quarter valued at $198,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Endava during the 2nd quarter valued at about $205,000. 62.23% of the stock is owned by institutional investors.

About Endava

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.