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

Shares of Endava plc (NYSE:DAVA) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $40.46.

DAVA has been the subject of several research analyst reports. Needham & Company LLC lifted their price target on shares of Endava from $36.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price for the company. TD Cowen raised their price target on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Guggenheim lowered their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup cut their target price 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.

Hedge Funds Weigh In On Endava

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after buying an additional 745 shares in the last quarter. 272 Capital LP boosted its stake in Endava by 156.3% in the third quarter. 272 Capital LP now owns 145,146 shares of the company’s stock valued at $3,707,000 after acquiring an additional 88,518 shares in the last quarter. DF Dent & Co. Inc. boosted its stake in Endava by 2.5% in the third quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock valued at $19,847,000 after acquiring an additional 18,882 shares in the last quarter. State Street Corp grew its holdings in Endava by 33.0% in the third quarter. State Street Corp now owns 80,148 shares of the company’s stock worth $2,047,000 after purchasing an additional 19,884 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in shares of Endava by 11.7% during the third quarter. HighTower Advisors LLC now owns 15,143 shares of the company’s stock worth $390,000 after purchasing an additional 1,592 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors.

Endava Price Performance

Endava stock opened at $31.57 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 225.50, a price-to-earnings-growth ratio of 2.12 and a beta of 1.22. The firm has a 50-day moving average of $29.61 and a two-hundred day moving average of $28.94. Endava has a 1 year low of $23.28 and a 1 year high of $81.06.

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.