Endava plc (NYSE:DAVA) Receives $26.75 Average PT from Brokerages

Shares of Endava plc (NYSE:DAVAGet Free Report) have been given an average rating of “Hold” by the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.63.

A number of analysts have recently commented on the company. TD Cowen cut Endava from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Thursday, May 15th. Guggenheim reissued a “buy” rating and issued a $25.00 target price on shares of Endava in a research note on Tuesday. Susquehanna cut their price objective on shares of Endava from $50.00 to $42.00 and set a “positive” rating on the stock in a research report on Tuesday, May 20th. Cowen downgraded shares of Endava from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Needham & Company LLC increased their price objective on shares of Endava from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday.

Read Our Latest Stock Report on Endava

Hedge Funds Weigh In On Endava

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. lifted its holdings in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Quantbot Technologies LP bought a new position in shares of Endava in the 1st quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its stake in shares of Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after purchasing an additional 786 shares during the period. Blue Trust Inc. lifted its stake in shares of Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares during the period. Finally, State of Wyoming lifted its stake in shares of Endava by 112.7% in the 1st quarter. State of Wyoming now owns 2,367 shares of the company’s stock worth $46,000 after purchasing an additional 1,254 shares during the period. Institutional investors own 62.23% of the company’s stock.

Endava Stock Performance

Shares of DAVA stock opened at $16.94 on Friday. Endava has a 12 month low of $14.00 and a 12 month high of $34.94. The stock has a market cap of $999.69 million, a PE ratio of 153.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $17.18 and its 200-day moving average price is $24.40.

About Endava

(Get Free Report

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.

See Also

Analyst Recommendations for Endava (NYSE:DAVA)

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.