Endava PLC Sponsored ADR (NYSE:DAVA) Receives $14.14 Average PT from Analysts

Endava PLC Sponsored ADR (NYSE:DAVA) has received an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.1429.

DAVA has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on Endava from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. TD Cowen lowered their price objective on Endava from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Weiss Ratings restated a “sell (d)” rating on shares of Endava in a research report on Tuesday, April 7th. Finally, Guggenheim lowered their price objective on Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 13th.

Hedge Funds Weigh In On Endava

Several large investors have recently made changes to their positions in the business. SmartHarvest Portfolios LLC purchased a new position in shares of Endava in the first quarter valued at about $84,000. Alpine Global Management LLC purchased a new position in shares of Endava in the fourth quarter valued at about $87,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Endava in the fourth quarter valued at about $24,563,000. Vident Advisory LLC purchased a new position in shares of Endava in the fourth quarter valued at about $68,000. Finally, State of Tennessee Department of Treasury lifted its position in shares of Endava by 102.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 73,091 shares of the company’s stock valued at $462,000 after acquiring an additional 36,992 shares in the last quarter. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Price Performance

NYSE DAVA opened at $4.16 on Wednesday. The company has a market capitalization of $234.06 million, a PE ratio of -37.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.39 and a current ratio of 2.39. The business’s fifty day moving average is $4.63 and its 200 day moving average is $6.07. Endava has a fifty-two week low of $3.98 and a fifty-two week high of $21.81.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.