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

Shares of Endava plc (NYSE:DAVA) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $40.46.

Several equities analysts have recently weighed in on the stock. Guggenheim lowered their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. TD Cowen increased their price target on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Susquehanna dropped their price target on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Citigroup cut their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Finally, Bank of America initiated coverage on shares of Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Natixis Advisors LLC bought a new position in Endava during the 2nd quarter valued at about $865,000. Acadian Asset Management LLC boosted its position in shares of Endava by 4,578.4% during the second quarter. Acadian Asset Management LLC now owns 169,500 shares of the company’s stock valued at $4,949,000 after buying an additional 165,877 shares during the period. Pekin Hardy Strauss Inc. grew its stake in shares of Endava by 84.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 23,640 shares of the company’s stock valued at $691,000 after buying an additional 10,855 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Endava in the second quarter worth approximately $216,000. Finally, XTX Topco Ltd bought a new stake in shares of Endava during the 2nd quarter worth approximately $941,000. Institutional investors own 62.23% of the company’s stock.

Endava Stock Up 1.5 %

DAVA stock opened at $31.57 on Thursday. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 225.50, a P/E/G ratio of 2.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The business’s 50-day moving average is $29.61 and its two-hundred day moving average is $28.94. Endava has a fifty-two week low of $23.28 and a fifty-two week high of $81.06.

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.