Endava (NYSE:DAVA) Price Target Raised to $20.00 at Needham & Company LLC

Endava (NYSE:DAVA) had its target price lifted by Needham & Company LLC from $18.00 to $20.00 in a report issued on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

DAVA has been the subject of several other research reports. Guggenheim lowered their price target on shares of Endava from $40.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Cowen cut shares of Endava from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. TD Cowen cut shares of Endava from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research report on Thursday, May 15th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.00 target price on shares of Endava in a research report on Monday, May 19th. Finally, Susquehanna decreased their target price on shares of Endava from $50.00 to $42.00 and set a “positive” rating for the company in a research report on Tuesday, May 20th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.63.

Endava Price Performance

Shares of DAVA opened at $16.94 on Tuesday. The company has a 50 day moving average price of $17.18 and a 200-day moving average price of $24.40. Endava has a fifty-two week low of $14.00 and a fifty-two week high of $34.94. The stock has a market capitalization of $999.69 million, a PE ratio of 153.95, a PEG ratio of 2.26 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Investors Weigh In On Endava

A number of hedge funds and other institutional investors have recently bought and sold shares of DAVA. Quantbot Technologies LP acquired a new position in Endava during the 1st quarter valued at approximately $25,000. Assetmark Inc. increased its stake in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. increased its stake in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after purchasing an additional 331 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after purchasing an additional 786 shares in the last quarter. Finally, State of Wyoming increased its stake in Endava by 112.7% during the 1st quarter. State of Wyoming now owns 2,367 shares of the company’s stock valued at $46,000 after purchasing an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

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.