Endava (NYSE:DAVA) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Endava (NYSE:DAVA) had its target price increased by Morgan Stanley from $33.00 to $35.00 in a report released on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

DAVA has been the topic of several other reports. Citigroup dropped their target price on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Guggenheim dropped their target price on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. TD Cowen raised their target price on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price on the stock. Finally, Needham & Company LLC raised their target price on Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Endava currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.01.

Endava Trading Down 0.0 %

Shares of NYSE:DAVA opened at $32.47 on Friday. Endava has a 52-week low of $23.28 and a 52-week high of $73.27. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 231.91, a PEG ratio of 2.32 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $30.69 and a 200-day moving average price of $29.09.

Institutional Trading of Endava

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after acquiring an additional 331 shares during the last quarter. Precision Wealth Strategies LLC boosted its stake in shares of Endava by 4.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock worth $277,000 after acquiring an additional 383 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after acquiring an additional 745 shares during the last quarter. Signaturefd LLC boosted its stake 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 acquiring an additional 886 shares during the last quarter. Finally, Strengthening Families & Communities LLC lifted its position in Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after buying an additional 933 shares in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

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.