Brokerages Set Endava PLC Sponsored ADR (NYSE:DAVA) Price Target at $20.78

Endava PLC Sponsored ADR (NYSE:DAVA) has been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.7778.

A number of analysts have recently commented on DAVA shares. Morgan Stanley dropped their price objective on Endava from $17.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, September 5th. Needham & Company LLC lowered their target price on Endava from $20.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, September 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Endava in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of Endava from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Endava in a research note on Thursday, July 17th. They issued a “hold” rating and a $14.00 price objective on the stock.

Endava Price Performance

Shares of NYSE:DAVA opened at $8.39 on Friday. The stock has a market cap of $471.32 million, a price-to-earnings ratio of 18.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.32 and a quick ratio of 2.32. Endava has a 12 month low of $8.27 and a 12 month high of $34.94. The stock’s 50 day moving average price is $11.07 and its 200 day moving average price is $14.36.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its holdings in Endava by 23.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock valued at $72,000 after buying an additional 689 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Endava by 81.0% during the second quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock worth $26,000 after buying an additional 753 shares during the last quarter. Investors Research Corp boosted its position in shares of Endava by 7.4% in the second quarter. Investors Research Corp now owns 11,950 shares of the company’s stock valued at $183,000 after acquiring an additional 825 shares during the period. Strengthening Families & Communities LLC grew its stake in shares of Endava by 13.0% in the first quarter. Strengthening Families & Communities LLC now owns 9,997 shares of the company’s stock worth $209,000 after acquiring an additional 1,153 shares during the last quarter. Finally, State of Wyoming increased its position in Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company’s stock worth $46,000 after acquiring an additional 1,254 shares during the period. Institutional investors 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.