Endava (NYSE:DAVA) Price Target Lowered to $6.00 at TD Cowen

Endava (NYSE:DAVA) had its target price lowered by TD Cowen from $6.50 to $6.00 in a report issued on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

DAVA has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their price target on shares of Endava from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Needham & Company LLC cut their price objective on shares of Endava from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Guggenheim cut their price objective on shares of Endava from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $14.14.

Endava Stock Up 1.2%

Shares of NYSE:DAVA opened at $4.59 on Monday. The stock has a market cap of $257.72 million, a P/E ratio of -41.68 and a beta of 1.26. The firm has a fifty day moving average price of $5.06 and a 200 day moving average price of $6.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.39 and a quick ratio of 2.39. Endava has a 1-year low of $4.21 and a 1-year high of $21.81.

Hedge Funds Weigh In On Endava

A number of large investors have recently bought and sold shares of the company. Alpine Global Management LLC purchased a new position in Endava during the 4th quarter worth $87,000. T. Rowe Price Investment Management Inc. purchased a new position in Endava during the 4th quarter worth $24,563,000. Vident Advisory LLC purchased a new position in Endava during the 4th quarter worth $68,000. State of Tennessee Department of Treasury raised its position in Endava by 102.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 73,091 shares of the company’s stock worth $462,000 after buying an additional 36,992 shares during the last quarter. Finally, Quadrature Capital Ltd increased its holdings in shares of Endava by 56.6% in the 4th quarter. Quadrature Capital Ltd now owns 87,177 shares of the company’s stock valued at $551,000 after purchasing an additional 31,491 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

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.