Endava PLC Sponsored ADR (NYSE:DAVA) Given Average Rating of “Hold” by Brokerages

Endava PLC Sponsored ADR (NYSE:DAVA) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $16.4286.

DAVA has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a report on Wednesday, October 8th. Needham & Company LLC reduced their target price on shares of Endava from $12.00 to $9.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Wall Street Zen cut shares of Endava from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Guggenheim cut their price objective on shares of Endava from $18.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 12th.

Endava Stock Up 2.9%

Shares of DAVA opened at $6.49 on Friday. The firm has a market cap of $364.80 million, a P/E ratio of 32.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.18. Endava has a 52 week low of $6.02 and a 52 week high of $34.94. The firm’s 50-day simple moving average is $8.06 and its 200 day simple moving average is $11.63.

Hedge Funds Weigh In On Endava

A number of hedge funds have recently added to or reduced their stakes in DAVA. Advisory Services Network LLC acquired a new position in Endava in the 3rd quarter valued at $28,000. Woodline Partners LP bought a new position in shares of Endava in the third quarter worth $275,000. Verition Fund Management LLC acquired a new position in Endava in the third quarter valued at about $1,401,000. Public Employees Retirement System of Ohio bought a new stake in Endava during the third quarter worth about $1,076,000. Finally, Jain Global LLC bought a new stake in Endava during the third quarter worth about $154,000. 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.