Endava PLC Sponsored ADR (NYSE:DAVA) Given Consensus Recommendation of “Hold” by Analysts

Endava PLC Sponsored ADR (NYSE:DAVA) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.00.

DAVA has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Endava from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Wall Street Zen lowered Endava from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Cowen restated a “hold” rating on shares of Endava in a research note on Friday, September 5th. Needham & Company LLC lowered their price objective on Endava from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, September 5th. Finally, Guggenheim cut their target price on Endava from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, September 5th.

Endava Stock Up 5.1%

Shares of NYSE:DAVA opened at $9.35 on Wednesday. Endava has a fifty-two week low of $8.17 and a fifty-two week high of $34.94. The firm’s 50 day moving average price is $9.49 and its 200 day moving average price is $13.13. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.31. The stock has a market cap of $525.68 million, a price-to-earnings ratio of 20.78 and a beta of 1.18.

Institutional Trading of Endava

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Endava during the first quarter worth about $25,000. GAMMA Investing LLC increased its holdings in Endava by 81.0% in the second quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock valued at $26,000 after buying an additional 753 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares in the last quarter. State of Wyoming lifted its holdings in Endava by 112.7% during the 1st quarter. State of Wyoming now owns 2,367 shares of the company’s stock worth $46,000 after buying an additional 1,254 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Endava by 23.5% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock worth $72,000 after buying an additional 689 shares during the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

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.