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

Shares of Endava plc (NYSE:DAVA) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $47.01.

Several research firms have weighed in on DAVA. Wedbush cut their target price on Endava from $65.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd. TD Cowen reduced their price objective on Endava from $46.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Guggenheim decreased their target price on Endava from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Needham & Company LLC dropped their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th.

Institutional Investors Weigh In On Endava

A number of institutional investors have recently made changes to their positions in the stock. Assetmark Inc. increased its holdings in Endava by 47.8% in the fourth quarter. Assetmark Inc. now owns 510 shares of the company’s stock worth $40,000 after purchasing an additional 165 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of Endava during the fourth quarter valued at about $99,000. Headlands Technologies LLC acquired a new stake in Endava in the first quarter valued at approximately $49,000. Quadrant Capital Group LLC grew its position in Endava by 34.8% in the 4th 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 period. Finally, Truist Financial Corp bought a new stake in shares of Endava during the fourth quarter worth about $207,000. Institutional investors own 62.23% of the company’s stock.

Endava Trading Up 2.5 %

Shares of NYSE:DAVA opened at $33.48 on Friday. The firm has a 50 day moving average of $30.50 and a 200-day moving average of $31.88. Endava has a 12 month low of $24.51 and a 12 month high of $81.06. The stock has a market capitalization of $1.93 billion, a PE ratio of 37.20 and a beta of 1.22.

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.