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

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been given a consensus rating of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $16.4286.

DAVA has been the topic of several recent analyst reports. Cowen reissued a “hold” rating on shares of Endava in a research note on Friday, September 5th. Needham & Company LLC dropped their price objective on Endava from $12.00 to $9.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Guggenheim reduced their target price on Endava from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. JPMorgan Chase & Co. decreased their target price on Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Finally, Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th.

Hedge Funds Weigh In On Endava

Institutional investors have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Endava by 36.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,198,846 shares of the company’s stock valued at $120,939,000 after purchasing an additional 1,665,735 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its position in Endava by 100.3% during the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 1,216,354 shares of the company’s stock valued at $11,069,000 after buying an additional 609,215 shares in the last quarter. Fourth Sail Capital LP raised its stake in Endava by 52.9% during the first quarter. Fourth Sail Capital LP now owns 1,406,223 shares of the company’s stock valued at $27,435,000 after buying an additional 486,604 shares during the last quarter. UBS Group AG raised its stake in Endava by 128.4% during the third quarter. UBS Group AG now owns 756,082 shares of the company’s stock valued at $6,880,000 after buying an additional 425,106 shares during the last quarter. Finally, Paradice Investment Management LLC boosted its holdings in Endava by 29.2% in the second quarter. Paradice Investment Management LLC now owns 1,565,860 shares of the company’s stock worth $23,989,000 after acquiring an additional 353,587 shares in the last quarter. 62.23% of the stock is owned by institutional investors.

Endava Price Performance

Shares of Endava stock opened at $6.46 on Friday. The company’s fifty day simple moving average is $8.29 and its two-hundred day simple moving average is $11.86. Endava has a 12-month low of $6.03 and a 12-month high of $34.94. The firm has a market cap of $363.12 million, a PE ratio of 32.30 and a beta of 1.18. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34.

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.