Endava (NYSE:DAVA) Price Target Raised to $36.00

Endava (NYSE:DAVA) had its price objective hoisted by TD Cowen from $35.00 to $36.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Susquehanna lowered their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their price objective on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC decreased their price objective on shares of Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Guggenheim cut their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Citigroup dropped their price objective on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Endava presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.91.

Endava Price Performance

NYSE DAVA opened at $26.88 on Wednesday. The firm’s fifty day simple moving average is $26.64 and its two-hundred day simple moving average is $28.52. The company has a current ratio of 1.90, a quick ratio of 1.74 and a debt-to-equity ratio of 0.21. Endava has a 12-month low of $23.28 and a 12-month high of $81.06. The firm has a market capitalization of $1.55 billion, a P/E ratio of 192.00 and a beta of 1.21.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.13). Endava had a return on equity of 1.10% and a net margin of 0.92%. The firm had revenue of $245.30 million during the quarter, compared to analysts’ expectations of $248.65 million. Analysts forecast that Endava will post 0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Endava

Several large investors have recently made changes to their positions in DAVA. BNP Paribas Financial Markets lifted its holdings in shares of Endava by 5.6% in the 1st quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $353,000 after acquiring an additional 495 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Endava by 24.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 8,339 shares of the company’s stock worth $317,000 after acquiring an additional 1,622 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Endava during the 1st quarter worth approximately $832,000. Sei Investments Co. lifted its holdings in Endava by 30.5% during the 1st quarter. Sei Investments Co. now owns 110,144 shares of the company’s stock worth $4,190,000 after buying an additional 25,716 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Endava during the 1st quarter worth approximately $49,000. 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.