Endava plc (NYSE:DAVA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Endava plc (NYSE:DAVA) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.91.

A number of brokerages have recently issued reports on DAVA. Susquehanna decreased their target price on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Needham & Company LLC increased their price objective 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. Guggenheim reduced their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Citigroup lowered 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. Finally, JPMorgan Chase & Co. boosted their price objective on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th.

Institutional Investors Weigh In On Endava

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake in shares of Endava by 5.6% during the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock valued at $353,000 after buying an additional 495 shares during the last quarter. Precision Wealth Strategies LLC boosted its stake in Endava by 6.7% during the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock valued at $219,000 after acquiring an additional 540 shares during the last quarter. Signaturefd LLC grew its holdings in Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after acquiring an additional 886 shares in the last quarter. Strengthening Families & Communities LLC increased its position in shares of Endava by 11.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after purchasing an additional 933 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Endava by 7.7% in the 2nd quarter. Portside Wealth Group LLC now owns 15,268 shares of the company’s stock valued at $446,000 after purchasing an additional 1,090 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Stock Up 0.1 %

Shares of DAVA opened at $26.15 on Wednesday. Endava has a fifty-two week low of $23.28 and a fifty-two week high of $81.06. The company’s fifty day moving average is $26.56 and its two-hundred day moving average is $28.46. The firm has a market cap of $1.51 billion, a PE ratio of 186.79 and a beta of 1.21. 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 (NYSE:DAVA) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $248.65 million. Analysts forecast that Endava will post 0.77 earnings per share for the current year.

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.