Endava (NYSE:DAVA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Endava (NYSE:DAVA) from a sell rating to a hold rating in a report released on Saturday morning.

Several other equities analysts have also weighed in on the company. Needham & Company LLC reduced their price objective on Endava from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Morgan Stanley reduced their price target on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Guggenheim decreased their price objective on shares of Endava from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. JPMorgan Chase & Co. cut their target price on shares of Endava from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Finally, Cowen restated a “hold” rating on shares of Endava in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.43.

Endava Price Performance

Shares of Endava stock opened at $6.96 on Friday. The business’s fifty day moving average price is $7.71 and its 200 day moving average price is $11.19. Endava has a twelve month low of $6.02 and a twelve month high of $34.94. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $391.16 million, a P/E ratio of 34.80 and a beta of 1.30.

Hedge Funds Weigh In On Endava

A number of institutional investors have recently added to or reduced their stakes in DAVA. Quantbot Technologies LP acquired a new position in shares of Endava in the first quarter worth about $25,000. GAMMA Investing LLC increased its holdings in Endava by 81.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock worth $26,000 after purchasing an additional 753 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares in the last quarter. State of Wyoming raised its position in shares of Endava by 112.7% in the 1st quarter. State of Wyoming now owns 2,367 shares of the company’s stock valued at $46,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Endava during the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds 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.