Brokerages Set Endava plc (NYSE:DAVA) PT at $42.31

Endava plc (NYSE:DAVA) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.71.

DAVA has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. JPMorgan Chase & Co. increased their target price on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC reduced their target price on Endava from $42.00 to $33.00 and set a “buy” rating for the company in a report on Friday, September 20th. Susquehanna reduced their target price on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Finally, Guggenheim cut their price target on Endava from $55.00 to $45.00 and set a “buy” rating for the company in a report on Monday, September 16th.

Endava Stock Up 0.3 %

Shares of DAVA opened at $23.73 on Friday. Endava has a 52 week low of $23.28 and a 52 week high of $81.06. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 65.92 and a beta of 1.21. The stock’s 50-day moving average price is $27.73 and its 200-day moving average price is $28.79.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million for the quarter, compared to analysts’ expectations of $248.65 million. Endava had a return on equity of 2.75% and a net margin of 2.30%. On average, sell-side analysts predict that Endava will post 0.77 EPS for the current year.

Institutional Trading of Endava

Hedge funds and other institutional investors have recently bought and sold shares of the business. Paradice Investment Management LLC acquired a new stake in shares of Endava during the second quarter worth about $18,695,000. Millennium Management LLC raised its holdings in Endava by 64.5% in the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock valued at $16,697,000 after acquiring an additional 223,964 shares during the last quarter. Norden Group LLC increased its holdings in shares of Endava by 2,587.6% during the 1st quarter. Norden Group LLC now owns 219,254 shares of the company’s stock worth $8,340,000 after buying an additional 211,096 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Endava by 15,560.6% during the 1st quarter. Lazard Asset Management LLC now owns 171,170 shares of the company’s stock worth $6,511,000 after buying an additional 170,077 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new stake in shares of Endava during the 2nd quarter worth $4,915,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

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.