Endava plc (NYSE:DAVA - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $21.09 and last traded at $21.52, with a volume of 342373 shares trading hands. The stock had previously closed at $21.78.
Analysts Set New Price Targets
Several analysts have weighed in on DAVA shares. Needham & Company LLC decreased their price objective on shares of Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Susquehanna decreased their price target on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research report on Friday, February 21st. Morgan Stanley lifted their price objective on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. TD Cowen increased their target price on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Finally, Bank of America began coverage on Endava in a research note on Friday, November 22nd. They issued a "neutral" rating and a $29.00 target price for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Endava presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.10.
Check Out Our Latest Stock Analysis on Endava
Endava Stock Performance
The firm has a fifty day moving average of $29.96 and a 200-day moving average of $28.77. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.27 billion, a P/E ratio of 195.64, a PEG ratio of 2.26 and a beta of 1.42.
Endava (NYSE:DAVA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). The business had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. Endava had a net margin of 0.74% and a return on equity of 0.89%. Research analysts predict that Endava plc will post 0.57 earnings per share for the current fiscal year.
Institutional Trading of Endava
A number of institutional investors have recently bought and sold shares of the business. Mawer Investment Management Ltd. boosted its position in shares of Endava by 613.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock worth $30,610,000 after purchasing an additional 1,030,403 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Endava by 22.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,533,111 shares of the company's stock valued at $140,073,000 after buying an additional 842,433 shares during the period. Alyeska Investment Group L.P. boosted its holdings in Endava by 80.6% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company's stock worth $55,807,000 after buying an additional 805,903 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Endava by 187.5% during the 4th quarter. JPMorgan Chase & Co. now owns 858,894 shares of the company's stock worth $26,540,000 after buying an additional 560,190 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Endava during the 4th quarter worth about $14,698,000. Institutional investors and hedge funds own 62.23% of the company's stock.
About Endava
(
Get Free Report)
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.
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