Endava plc (NYSE:DAVA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Endava plc (NYSE:DAVA) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $40.01.

A number of brokerages have commented on DAVA. TD Cowen upped their price target on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC raised their target price on shares of Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Bank of America assumed coverage on shares of Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target for the company. Citigroup decreased their price objective on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Finally, Guggenheim dropped their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, November 6th.

Endava Trading Down 0.4 %

NYSE:DAVA opened at $33.57 on Monday. Endava has a one year low of $23.28 and a one year high of $72.98. The business has a fifty day moving average price of $31.01 and a 200-day moving average price of $29.16. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 239.79, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

Hedge Funds Weigh In On Endava

A number of institutional investors and hedge funds have recently made changes to their positions in DAVA. Wasatch Advisors LP raised its holdings in Endava by 6.7% during the 3rd quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock valued at $40,319,000 after buying an additional 98,875 shares during the period. Alberta Investment Management Corp increased its position in Endava by 9.3% during the fourth quarter. Alberta Investment Management Corp now owns 1,384,902 shares of the company’s stock valued at $42,793,000 after acquiring an additional 118,081 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in shares of Endava by 613.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after acquiring an additional 1,030,403 shares during the period. FMR LLC lifted its holdings in shares of Endava by 1.4% in the 3rd quarter. FMR LLC now owns 952,515 shares of the company’s stock worth $24,327,000 after acquiring an additional 13,106 shares during the last quarter. Finally, Fourth Sail Capital LP boosted its stake in shares of Endava by 36.2% during the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock worth $23,782,000 after purchasing an additional 247,418 shares during the period. 62.23% of the stock is owned by hedge funds and other institutional investors.

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.