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

Endava plc (NYSE:DAVA) has been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $39.10.

DAVA has been the subject of several research reports. Morgan Stanley raised their target price on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Susquehanna reduced their price objective on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research note on Friday, February 21st. Finally, Needham & Company LLC lowered their target price on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

Endava Trading Down 1.8 %

Shares of DAVA stock opened at $17.09 on Friday. Endava has a fifty-two week low of $16.70 and a fifty-two week high of $34.94. 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 stock has a 50 day simple moving average of $22.42 and a two-hundred day simple moving average of $26.67. The company has a market cap of $1.01 billion, a P/E ratio of 155.36, a PEG ratio of 2.26 and a beta of 1.33.

Endava (NYSE:DAVA) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Research analysts forecast that Endava will post 0.57 earnings per share for the current year.

Institutional Trading of Endava

Several institutional investors have recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after purchasing an additional 331 shares during the last quarter. Precision Wealth Strategies LLC lifted its position in shares of Endava by 4.5% during the 4th quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock worth $277,000 after buying an additional 383 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after buying an additional 475 shares during the last quarter. Portside Wealth Group LLC grew its stake in Endava by 5.7% in the 1st quarter. Portside Wealth Group LLC now owns 13,145 shares of the company’s stock valued at $256,000 after purchasing an additional 711 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after purchasing an additional 745 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

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.