Endava (NYSE:DAVA) Price Target Lowered to $45.00 at Guggenheim

Endava (NYSE:DAVA) had its price objective trimmed by Guggenheim from $55.00 to $45.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Endava from $41.00 to $47.00 and gave the stock an overweight rating in a report on Friday, September 6th. Wedbush cut their price target on shares of Endava from $65.00 to $50.00 and set an outperform rating for the company in a report on Thursday, May 23rd. Needham & Company LLC cut their price target on shares of Endava from $50.00 to $42.00 and set a buy rating for the company in a report on Friday, May 24th. Redburn Atlantic began coverage on shares of Endava in a report on Friday, May 24th. They issued a neutral rating and a $33.10 target price for the company. Finally, TD Cowen dropped their target price on shares of Endava from $46.00 to $42.00 and set a buy rating for the company in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $46.01.

Endava Stock Down 4.4 %

NYSE DAVA opened at $31.97 on Monday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 35.52 and a beta of 1.22. Endava has a 52-week low of $24.51 and a 52-week high of $81.06. The firm has a 50-day moving average price of $30.70 and a 200 day moving average price of $31.18.

Institutional Trading of Endava

Large investors have recently modified their holdings of the business. Assetmark Inc. grew its position in shares of Endava by 47.8% in the fourth quarter. Assetmark Inc. now owns 510 shares of the company’s stock valued at $40,000 after purchasing an additional 165 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Endava in the fourth quarter valued at approximately $99,000. Headlands Technologies LLC acquired a new stake in shares of Endava in the first quarter valued at approximately $49,000. Quadrant Capital Group LLC grew its position in shares of Endava by 34.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock valued at $111,000 after purchasing an additional 368 shares during the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Endava in the fourth quarter valued at approximately $207,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

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.