Endava (NYSE:DAVA) Given New $50.00 Price Target at Susquehanna

Endava (NYSE:DAVA) had its price target reduced by stock analysts at Susquehanna from $55.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 91.86% from the company’s previous close.

Several other equities research analysts also recently weighed in on DAVA. Morgan Stanley increased their target price on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Bank of America began coverage on shares of Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price for the company. Citigroup decreased their target price 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. Needham & Company LLC decreased their target price on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a research note on Friday. Finally, Guggenheim cut their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.10.

Endava Stock Performance

NYSE DAVA opened at $26.06 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava has a 1 year low of $23.28 and a 1 year high of $68.58. The company has a market capitalization of $1.54 billion, a PE ratio of 236.91, a P/E/G ratio of 2.26 and a beta of 1.22. The company has a fifty day moving average of $31.65 and a two-hundred day moving average of $29.27.

Endava (NYSE:DAVA) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The company had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. As a group, analysts expect that Endava will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Endava

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. acquired a new stake in shares of Endava during the 3rd quarter valued at approximately $30,000. Assetmark Inc. lifted its position in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Quadrant Capital Group LLC lifted its position in shares of 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 acquiring an additional 786 shares during the period. Signaturefd LLC lifted its position in shares of Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after acquiring an additional 886 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares during the period. 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.