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

Endava PLC Sponsored ADR (NYSE:DAVA) has earned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $16.4286.

Several equities analysts have weighed in on DAVA shares. Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. William Blair downgraded Endava from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. Needham & Company LLC dropped their target price on Endava from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Morgan Stanley dropped their target price on Endava from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Finally, Wall Street Zen raised Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DAVA. EverSource Wealth Advisors LLC grew its position in shares of Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the period. Advisory Services Network LLC purchased a new position in Endava in the third quarter worth approximately $28,000. Perennial Advisors LLC purchased a new position in Endava during the fourth quarter worth about $63,000. Vident Advisory LLC acquired a new position in Endava during the second quarter worth $160,000. Finally, Jane Street Group LLC lifted its position 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 worth $208,000 after purchasing an additional 1,482 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Price Performance

Shares of NYSE:DAVA opened at $5.01 on Friday. The firm has a market cap of $281.33 million, a price-to-earnings ratio of 25.03 and a beta of 1.26. The firm has a fifty day moving average price of $6.45 and a 200 day moving average price of $8.68. Endava has a fifty-two week low of $4.84 and a fifty-two week high of $34.82. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.18.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.