Brokerages Set Endava plc (NYSE:DAVA) Price Target at $37.31

Shares of Endava plc (NYSE:DAVA) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $33.41.

A number of equities analysts have recently issued reports on DAVA shares. Morgan Stanley increased their target price on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC cut their target price on Endava from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. TD Cowen downgraded Endava from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Thursday. Guggenheim cut their target price on Endava from $40.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, Susquehanna lowered their price target on Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a report on Friday, February 21st.

Endava Stock Performance

Shares of DAVA stock opened at $15.08 on Wednesday. The business’s 50 day moving average is $18.99 and its two-hundred day moving average is $25.71. Endava has a 12-month low of $14.32 and a 12-month high of $34.94. The company has a market capitalization of $889.89 million, a P/E ratio of 137.05, a P/E/G ratio of 2.26 and a beta of 1.25. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.06). Endava had a net margin of 0.74% and a return on equity of 0.89%. Analysts expect that Endava will post 0.57 EPS for the current fiscal year.

Institutional Trading of Endava

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after buying an additional 331 shares during the period. Precision Wealth Strategies LLC raised its holdings in Endava by 4.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock worth $277,000 after purchasing an additional 383 shares during the period. Assetmark Inc. raised its holdings in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Endava by 23.5% during the first quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock worth $72,000 after acquiring an additional 689 shares during the period. Finally, Portside Wealth Group LLC grew its position in Endava by 5.7% in the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company’s stock valued at $256,000 after purchasing an additional 711 shares in the last quarter. 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.