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

Endava plc (NYSE:DAVA - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.83.

A number of research firms recently issued reports on DAVA. Needham & Company LLC upped their price target on shares of Endava from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Citigroup lowered their price target on shares of Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, October 28th. Guggenheim reduced their price objective on Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. Susquehanna lowered their price objective on Endava from $66.00 to $55.00 and set a "positive" rating for the company in a research note on Friday, September 20th. Finally, TD Cowen boosted their target price on Endava from $35.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th.

Hedge Funds Weigh In On Endava

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC bought a new position in Endava during the 2nd quarter worth about $865,000. Acadian Asset Management LLC increased its holdings in Endava by 4,578.4% during the second quarter. Acadian Asset Management LLC now owns 169,500 shares of the company's stock valued at $4,949,000 after buying an additional 165,877 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in Endava by 84.9% during the second quarter. Pekin Hardy Strauss Inc. now owns 23,640 shares of the company's stock valued at $691,000 after buying an additional 10,855 shares during the period. Seven Eight Capital LP bought a new position in Endava in the second quarter worth approximately $216,000. Finally, XTX Topco Ltd bought a new stake in Endava during the 2nd quarter valued at $941,000. Institutional investors own 62.23% of the company's stock.

Endava Price Performance

DAVA stock traded down $0.49 during midday trading on Thursday, hitting $31.25. The company's stock had a trading volume of 292,827 shares, compared to its average volume of 419,505. 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 $81.06. The company has a 50 day moving average of $28.88 and a two-hundred day moving average of $28.84. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 223.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22.

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.