Endava (NYSE:DAVA) Price Target Lowered to $50.00 at Susquehanna

Endava (NYSE:DAVA) had its price target lowered by Susquehanna from $55.00 to $50.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

DAVA has been the topic of several other research reports. Guggenheim dropped their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley raised their price target on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Citigroup dropped their price target 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. Needham & Company LLC dropped their price target on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Bank of America began coverage on shares of Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.10.

Endava Price Performance

DAVA stock opened at $26.06 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 186.14, a price-to-earnings-growth ratio of 2.44 and a beta of 1.22. The company’s 50-day moving average is $31.65 and its 200-day moving average is $29.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava has a 1 year low of $23.28 and a 1 year high of $68.58.

Endava (NYSE:DAVA) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Endava had a return on equity of 1.10% and a net margin of 0.92%. The company had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. Equities research analysts expect that Endava will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Endava

Large investors have recently modified their holdings of the stock. Assetmark Inc. increased its stake in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of Endava during the 3rd quarter worth approximately $30,000. Quadrant Capital Group LLC increased its stake in shares of Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after purchasing an additional 786 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after purchasing an additional 886 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

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.