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

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been assigned an average rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.4286.

DAVA has been the topic of a number of research reports. Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Cowen reiterated a “hold” rating on shares of Endava in a research report on Friday, September 5th. JPMorgan Chase & Co. dropped their price target on Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. William Blair downgraded Endava from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th. Finally, Guggenheim lowered their price objective on shares of Endava from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Endava in the 1st quarter valued at approximately $25,000. GAMMA Investing LLC raised its holdings in shares of Endava by 81.0% in the second quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock worth $26,000 after acquiring an additional 753 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after acquiring an additional 1,680 shares in the last quarter. State of Wyoming boosted its stake in shares of Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company’s stock valued at $46,000 after acquiring an additional 1,254 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Endava during the 3rd quarter worth about $28,000. 62.23% of the stock is owned by hedge funds and other institutional investors.

Endava Stock Up 3.7%

DAVA stock opened at $6.72 on Friday. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $8.02 and its 200 day moving average price is $11.55. Endava has a 52 week low of $6.02 and a 52 week high of $34.94. The company has a market cap of $377.67 million, a P/E ratio of 33.60 and a beta of 1.30.

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.