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

Shares of Endava plc (NYSE:DAVA) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $40.01.

DAVA has been the subject of a number of research reports. TD Cowen increased their price objective on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Needham & Company LLC raised their price target on shares of Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Bank of America initiated coverage on shares of Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price objective on the stock. Citigroup lowered their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Finally, Guggenheim reduced their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th.

Endava Trading Down 0.4 %

Shares of NYSE:DAVA opened at $33.57 on Monday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 239.79, a PEG ratio of 2.69 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava has a 12 month low of $23.28 and a 12 month high of $72.98. The company’s fifty day simple moving average is $31.11 and its 200 day simple moving average is $29.16.

Hedge Funds Weigh In On Endava

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DAVA. Blue Trust Inc. bought a new position in Endava in the 3rd quarter valued at about $30,000. Assetmark Inc. grew its holdings in Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after buying an additional 475 shares in the last quarter. Signaturefd LLC increased its position in Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after buying an additional 886 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after buying an additional 745 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Endava by 60.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company’s stock worth $126,000 after purchasing an additional 1,538 shares in the last quarter. 62.23% of the stock is owned by institutional investors.

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.