Endava (NYSE:DAVA) Given New $43.00 Price Target at Needham & Company LLC

Endava (NYSE:DAVA - Get Free Report) had its price target lifted by stock analysts at Needham & Company LLC from $36.00 to $43.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price target points to a potential upside of 37.60% from the company's previous close.

A number of other equities analysts have also commented on the stock. Susquehanna cut their price objective on shares of Endava from $66.00 to $55.00 and set a "positive" rating on the stock in a report on Friday, September 20th. 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 research report on Monday, October 28th. Guggenheim cut 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. TD Cowen upped their price objective on Endava from $35.00 to $36.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Bank of America started coverage on Endava in a research report on Friday, November 22nd. They set a "neutral" rating and a $29.00 target price on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.46.

Endava Trading Up 0.0 %

Shares of DAVA traded up $0.01 during mid-day trading on Friday, hitting $31.25. The company had a trading volume of 499,340 shares, compared to its average volume of 429,507. Endava has a 1-year low of $23.28 and a 1-year high of $81.06. The business's 50-day simple moving average is $29.03 and its 200-day simple moving average is $28.86. The stock has a market cap of $1.84 billion, a PE ratio of 223.21, a P/E/G ratio of 2.16 and a beta of 1.22. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21.

Institutional Investors Weigh In On Endava

Hedge funds have recently added to or reduced their stakes in the business. Mawer Investment Management Ltd. grew its position in Endava by 613.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company's stock valued at $30,610,000 after acquiring an additional 1,030,403 shares during the last quarter. Fourth Sail Capital LP boosted its holdings in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company's stock worth $23,782,000 after acquiring an additional 247,418 shares in the last quarter. Millennium Management LLC increased its position in shares of Endava by 64.5% during the second quarter. Millennium Management LLC now owns 571,021 shares of the company's stock worth $16,697,000 after acquiring an additional 223,964 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Endava by 30.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 601,898 shares of the company's stock valued at $15,372,000 after acquiring an additional 141,250 shares in the last quarter. Finally, Wasatch Advisors LP increased its position in shares of Endava by 6.7% during the third quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company's stock valued at $40,319,000 after acquiring an additional 98,875 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company's stock.

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.