Endava plc (NYSE:DAVA) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Endava plc (NYSE:DAVA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $39.83.

DAVA has been the subject of several analyst reports. Susquehanna cut their target price on Endava from $66.00 to $55.00 and set a "positive" rating for the company in a research report on Friday, September 20th. Citigroup reduced their target price 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. Needham & Company LLC increased their target price on shares of Endava from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. TD Cowen boosted their price target on shares of Endava from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Finally, Guggenheim decreased their price objective on shares of Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th.

Endava Stock Performance

Shares of NYSE DAVA traded down $0.49 during mid-day trading on Friday, hitting $30.00. The company had a trading volume of 499,131 shares, compared to its average volume of 527,928. Endava has a 12 month low of $23.28 and a 12 month high of $81.06. The firm has a market cap of $1.77 billion, a P/E ratio of 214.29, a PEG ratio of 2.16 and a beta of 1.24. The business's 50-day simple moving average is $26.86 and its 200-day simple moving average is $28.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

Endava (NYSE:DAVA - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The firm had revenue of $245.30 million for the quarter, compared to analyst estimates of $248.65 million. As a group, analysts predict that Endava will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endava

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. acquired a new position in Endava in the third quarter valued at about $30,000. Signaturefd LLC grew its position in shares of Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company's stock valued at $50,000 after purchasing an additional 886 shares during the period. Seven Eight Capital LP bought a new stake in Endava during the 2nd quarter worth approximately $216,000. Precision Wealth Strategies LLC raised its holdings in Endava by 6.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company's stock worth $219,000 after buying an additional 540 shares during the period. Finally, Strengthening Families & Communities LLC lifted its stake in Endava by 11.4% in the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company's stock valued at $233,000 after buying an additional 933 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

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.