Endava plc (NYSE:DAVA - Get Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $23.00 and last traded at $23.40, with a volume of 252043 shares traded. The stock had previously closed at $23.20.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Susquehanna dropped their price target on Endava from $55.00 to $50.00 and set a "positive" rating for the company in a research report on Friday, February 21st. TD Cowen boosted their price target on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Bank of America began coverage on Endava in a research report on Friday, November 22nd. They set a "neutral" rating and a $29.00 price target for the company. Morgan Stanley boosted their price objective on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC lowered their price objective on Endava from $43.00 to $38.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Endava presently has an average rating of "Moderate Buy" and a consensus price target of $39.10.
Check Out Our Latest Analysis on DAVA
Endava Trading Up 1.3 %
The company has a 50 day moving average price of $30.33 and a 200 day moving average price of $28.91. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 209.68, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.
Endava (NYSE:DAVA - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. On average, research analysts expect that Endava plc will post 0.57 earnings per share for the current year.
Hedge Funds Weigh In On Endava
Several large investors have recently modified their holdings of DAVA. Assetmark Inc. lifted its stake in shares of Endava by 93.1% in the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock valued at $30,000 after purchasing an additional 475 shares during the last quarter. Blue Trust Inc. lifted its stake in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after acquiring an additional 331 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after acquiring an additional 786 shares in the last quarter. GAMMA Investing LLC lifted its stake in Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after acquiring an additional 745 shares in the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in Endava during the 4th quarter worth about $100,000. Institutional investors and hedge funds own 62.23% of the company's stock.
Endava Company Profile
(
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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