Endava plc (NYSE:DAVA) Receives Consensus Rating of "Moderate Buy" from Brokerages

Endava plc (NYSE:DAVA - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.01.

A number of research analysts have recently commented on the stock. Needham & Company LLC upped their price objective on shares of Endava from $36.00 to $43.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Citigroup cut their price target on Endava from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Monday, October 28th. TD Cowen raised their price objective on Endava from $35.00 to $36.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. Guggenheim lowered their price objective on Endava from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their target price on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st.

Hedge Funds Weigh In On Endava

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Endava in the fourth quarter worth $14,698,000. Assetmark Inc. lifted its position in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after buying an additional 475 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Endava by 35.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company's stock worth $843,000 after acquiring an additional 7,124 shares during the last quarter. Jones Financial Companies Lllp increased its position in Endava by 20.2% in the 4th quarter. Jones Financial Companies Lllp now owns 8,284 shares of the company's stock valued at $256,000 after acquiring an additional 1,392 shares in the last quarter. Finally, Norden Group LLC raised its stake in shares of Endava by 18.7% in the fourth quarter. Norden Group LLC now owns 15,798 shares of the company's stock worth $488,000 after acquiring an additional 2,488 shares during the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Endava Stock Performance

DAVA stock traded up $1.10 on Monday, reaching $33.68. 325,293 shares of the company were exchanged, compared to its average volume of 302,416. 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 has a 12 month low of $23.28 and a 12 month high of $72.98. The stock's fifty day moving average price is $30.90 and its 200 day moving average price is $29.13. The firm has a market capitalization of $1.99 billion, a PE ratio of 240.59, a PEG ratio of 2.29 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.