Endava (NYSE:DAVA) Upgraded by Wall Street Zen to Buy Rating

Endava (NYSE:DAVA) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

DAVA has been the topic of several other research reports. Cowen lowered shares of Endava from a “buy” rating to a “hold” rating in a report on Wednesday, May 14th. Susquehanna dropped their price objective on shares of Endava from $50.00 to $42.00 and set a “positive” rating on the stock in a research note on Tuesday, May 20th. Guggenheim reiterated a “buy” rating and set a $25.00 price objective on shares of Endava in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price objective on shares of Endava in a research note on Monday, May 19th. Finally, Needham & Company LLC lifted their price objective on shares of Endava from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.63.

Endava Trading Down 3.8%

Shares of DAVA stock opened at $15.66 on Friday. The firm has a market cap of $924.19 million, a P/E ratio of 142.33, a PEG ratio of 2.26 and a beta of 1.15. Endava has a 1-year low of $14.00 and a 1-year high of $34.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The firm’s 50-day simple moving average is $17.11 and its 200-day simple moving average is $24.17.

Hedge Funds Weigh In On Endava

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its holdings in shares of Endava by 16.1% during the first 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 during the period. Circumference Group LLC boosted its holdings in shares of Endava by 48.8% during the first quarter. Circumference Group LLC now owns 251,500 shares of the company’s stock valued at $4,907,000 after acquiring an additional 82,500 shares during the period. State of Wyoming raised its stake in shares of Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company’s stock valued at $46,000 after purchasing an additional 1,254 shares in the last quarter. Trexquant Investment LP bought a new stake in shares of Endava during the first quarter valued at about $764,000. Finally, Next Century Growth Investors LLC bought a new stake in shares of Endava during the first quarter valued at about $1,929,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.