Endava (NYSE:DAVA) Given New $36.00 Price Target at Needham & Company LLC

Endava (NYSE:DAVA) had its target price upped by Needham & Company LLC from $33.00 to $36.00 in a research report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages have also recently weighed in on DAVA. TD Cowen increased their target price on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday. Citigroup dropped their price objective on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Guggenheim decreased their target price on Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Susquehanna dropped their price target on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. upped their price objective on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.91.

Endava Price Performance

DAVA opened at $26.88 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.90. Endava has a 1-year low of $23.28 and a 1-year high of $81.06. The company has a 50-day moving average of $26.64 and a 200-day moving average of $28.51. The company has a market capitalization of $1.55 billion, a P/E ratio of 192.00 and a beta of 1.21.

Endava (NYSE:DAVA) last announced its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). The firm had revenue of $245.30 million for the quarter, compared to analyst estimates of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. Equities analysts expect that Endava will post 0.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Endava

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Endava during the 1st quarter valued at about $832,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Endava by 8.7% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock valued at $6,279,000 after acquiring an additional 19,669 shares during the period. XTX Topco Ltd bought a new stake in Endava during the second quarter worth approximately $941,000. Horrell Capital Management Inc. lifted its position in Endava by 76.5% in the third quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock worth $3,831,000 after purchasing an additional 65,000 shares during the period. Finally, Silvercrest Asset Management Group LLC lifted its position in Endava by 9.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 311,992 shares of the company’s stock worth $11,868,000 after purchasing an additional 27,797 shares during the period. 62.23% of the stock is currently owned by institutional investors.

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.