Endava PLC Sponsored ADR (NYSE:DAVA) Receives Consensus Rating of “Hold” from Analysts

Endava PLC Sponsored ADR (NYSE:DAVA) has been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.7143.

Several equities analysts have recently issued reports on DAVA shares. Wall Street Zen raised Endava from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Needham & Company LLC cut their price objective on Endava from $9.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. JPMorgan Chase & Co. reduced their price objective on Endava from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Finally, Guggenheim lowered their target price on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th.

Institutional Trading of Endava

A number of institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted 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. Advisory Services Network LLC purchased a new stake in shares of Endava in the third quarter worth about $28,000. Quadrant Capital Group LLC lifted its holdings in shares of Endava by 901.8% in the fourth quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock worth $39,000 after buying an additional 5,492 shares in the last quarter. Perennial Advisors LLC bought a new position in shares of Endava in the fourth quarter valued at approximately $63,000. Finally, Vident Advisory LLC purchased a new position in Endava during the second quarter valued at approximately $160,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Trading Down 0.5%

NYSE:DAVA opened at $4.51 on Friday. Endava has a 52 week low of $4.21 and a 52 week high of $21.81. The firm has a 50-day moving average price of $5.10 and a two-hundred day moving average price of $6.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39. The firm has a market cap of $253.28 million, a price-to-earnings ratio of -40.96 and a beta of 1.26.

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.