Endava PLC Sponsored ADR (NYSE:DAVA) Receives Consensus Recommendation of “Hold” from Analysts

Endava PLC Sponsored ADR (NYSE:DAVA) has been given an average recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $15.7143.

Several brokerages have recently weighed in on DAVA. Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. JPMorgan Chase & Co. dropped their price target on shares of Endava from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Guggenheim cut their price objective on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Needham & Company LLC decreased their price objective on shares of Endava from $9.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, February 19th.

Endava Stock Down 4.0%

NYSE DAVA opened at $4.67 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.36. Endava has a fifty-two week low of $4.38 and a fifty-two week high of $22.94. The business has a 50 day moving average price of $5.73 and a two-hundred day moving average price of $7.37. The stock has a market cap of $262.39 million, a PE ratio of -42.44 and a beta of 1.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisory Services Network LLC acquired a new stake in Endava during the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of Endava by 733.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after buying an additional 1,680 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Endava by 901.8% during the 4th quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock valued at $39,000 after buying an additional 5,492 shares during the last quarter. Perennial Advisors LLC acquired a new stake in shares of Endava during the fourth quarter worth approximately $63,000. Finally, Vident Advisory LLC acquired a new stake in shares of Endava during the fourth quarter worth approximately $68,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Company Profile

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.