Brokerages Set Endava plc (NYSE:DAVA) Target Price at $39.10

Endava plc (NYSE:DAVA) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.10.

A number of brokerages have weighed in on DAVA. Morgan Stanley increased their target price on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Needham & Company LLC decreased their target price on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Susquehanna lowered their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Assetmark Inc. grew its position in Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after buying an additional 475 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after acquiring an additional 786 shares during the period. Blue Trust Inc. raised its holdings in Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares in the last quarter. GAMMA Investing LLC lifted its position in Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares during the period. Finally, State of Tennessee Department of Treasury bought a new position in Endava during the 4th quarter valued at $100,000. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Stock Performance

Shares of DAVA stock opened at $17.04 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 154.91, a PEG ratio of 2.26 and a beta of 1.33. Endava has a one year low of $16.60 and a one year high of $34.94. The company’s 50-day simple moving average is $22.08 and its 200-day simple moving average is $26.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Endava (NYSE:DAVA) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). The firm had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. Equities analysts anticipate that Endava will post 0.57 earnings per share for the current fiscal year.

Endava Company Profile

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.