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

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

Several other research firms have also weighed in on DAVA. JPMorgan Chase & Co. reduced their price target on shares of Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Guggenheim dropped their target price on shares of Endava from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Needham & Company LLC decreased their price target on shares of Endava from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. William Blair cut shares of Endava from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. Finally, Morgan Stanley reduced their price objective on Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.43.

Endava Stock Performance

Shares of DAVA opened at $6.60 on Friday. The stock has a 50 day moving average of $7.76 and a 200 day moving average of $11.30. The company has a market capitalization of $371.04 million, a price-to-earnings ratio of 33.01 and a beta of 1.30. Endava has a 12 month low of $6.02 and a 12 month high of $34.94. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34.

Institutional Investors Weigh In On Endava

Institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new position in Endava during the third quarter valued at approximately $28,000. Woodline Partners LP bought a new position in Endava in the 3rd quarter valued at $275,000. Verition Fund Management LLC purchased a new position in shares of Endava during the 3rd quarter valued at $1,401,000. Public Employees Retirement System of Ohio bought a new position in shares of Endava in the third quarter worth $1,076,000. Finally, Jain Global LLC bought a new position in shares of Endava in the third quarter worth $154,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

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.