Endava PLC Sponsored ADR (NYSE:DAVA) Receives $16.43 Consensus Target Price from Brokerages

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have earned an average rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.4286.

A number of analysts have recently weighed in on the stock. Guggenheim reduced their target price on shares of Endava from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. JPMorgan Chase & Co. dropped their price objective on shares of Endava from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Cowen reaffirmed a “hold” rating on shares of Endava in a research note on Friday, September 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Endava in a report on Wednesday, October 8th. Finally, William Blair downgraded Endava from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th.

Endava Trading Up 1.3%

NYSE DAVA opened at $6.62 on Thursday. The firm has a market capitalization of $371.82 million, a PE ratio of 33.08 and a beta of 1.30. The stock’s 50 day moving average is $7.37 and its 200 day moving average is $10.64. Endava has a twelve month low of $6.02 and a twelve month high of $34.94. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34.

Hedge Funds Weigh In On Endava

Institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC raised its position in shares of Endava by 23.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock worth $72,000 after purchasing an additional 689 shares during the last quarter. GAMMA Investing LLC raised its holdings in 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 buying an additional 753 shares during the last quarter. Investors Research Corp raised its holdings in Endava by 7.4% in the second quarter. Investors Research Corp now owns 11,950 shares of the company’s stock worth $183,000 after buying an additional 825 shares during the last quarter. State of Wyoming lifted its stake in shares of Endava by 112.7% in the first quarter. State of Wyoming now owns 2,367 shares of the company’s stock worth $46,000 after buying an additional 1,254 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Endava during the first quarter valued at approximately $25,000. 62.23% of the stock is currently owned by institutional investors.

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.