Endava (NYSE:DAVA) PT Lowered to $27.00 at Citigroup

Endava (NYSE:DAVA) had its target price reduced by research analysts at Citigroup from $30.00 to $27.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective points to a potential upside of 5.76% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC lowered their price target on Endava from $42.00 to $33.00 and set a “buy” rating for the company in a report on Friday, September 20th. Susquehanna dropped their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research note on Friday, September 20th. Finally, Guggenheim lowered their target price on shares of Endava from $55.00 to $45.00 and set a “buy” rating for the company in a report on Monday, September 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Endava has an average rating of “Moderate Buy” and an average target price of $41.71.

Endava Price Performance

NYSE:DAVA opened at $25.53 on Monday. Endava has a 12-month low of $23.28 and a 12-month high of $81.06. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 28.37 and a beta of 1.21. The company’s 50-day moving average is $28.06 and its two-hundred day moving average is $28.89. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.23.

Endava (NYSE:DAVA) last posted its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Endava had a net margin of 2.30% and a return on equity of 2.76%. The firm had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. Research analysts expect that Endava will post 0.77 EPS for the current year.

Institutional Investors Weigh In On Endava

Several large investors have recently made changes to their positions in DAVA. BNP Paribas Financial Markets lifted its holdings in shares of Endava by 5.6% during the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock valued at $353,000 after acquiring an additional 495 shares in the last quarter. Precision Wealth Strategies LLC lifted its stake in shares of Endava by 6.7% during the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after purchasing an additional 540 shares in the last quarter. Signaturefd LLC boosted its position in shares of Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after buying an additional 886 shares during the period. Portside Wealth Group LLC grew its stake in shares of Endava by 7.7% in the second quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock valued at $446,000 after buying an additional 1,090 shares in the last quarter. Finally, Blue Trust Inc. purchased a new stake in shares of Endava during the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.