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

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.7143.

Several equities analysts have recently issued reports on DAVA shares. Needham & Company LLC dropped their price target on shares of Endava from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. lowered their target price on Endava from $10.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Morgan Stanley cut their target price on Endava from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. Finally, William Blair lowered Endava from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 11th.

Endava Stock Down 3.7%

NYSE:DAVA opened at $5.30 on Tuesday. Endava has a one year low of $4.38 and a one year high of $23.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 2.39. The company has a market cap of $297.86 million, a PE ratio of -48.17 and a beta of 1.28. The firm’s 50 day simple moving average is $5.87 and its 200 day simple moving average is $7.69.

Institutional Trading of Endava

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAVA. Advisory Services Network LLC acquired a new position in shares of Endava in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its position in shares of Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after buying an additional 1,680 shares during the period. Quadrant Capital Group LLC increased its position in shares of Endava by 901.8% during the fourth quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock worth $39,000 after buying an additional 5,492 shares during the period. Perennial Advisors LLC bought a new position in Endava during the fourth quarter worth $63,000. Finally, Vident Advisory LLC bought a new position in Endava during the fourth quarter worth $68,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

About Endava

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.