Endava plc (NYSE:DAVA) Receives Consensus Rating of “Hold” from Brokerages

Shares of Endava plc (NYSE:DAVA) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.75.

DAVA has been the topic of several recent research reports. Needham & Company LLC decreased their price target on shares of Endava from $22.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, May 15th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.00 price objective on shares of Endava in a research note on Monday, May 19th. Cowen downgraded Endava from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Susquehanna cut their price target on Endava from $50.00 to $42.00 and set a “positive” rating for the company in a report on Tuesday, May 20th. Finally, Guggenheim reduced their price target on Endava from $40.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th.

Endava Price Performance

Shares of NYSE:DAVA opened at $16.48 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $973.01 million, a PE ratio of 149.85, a price-to-earnings-growth ratio of 2.26 and a beta of 1.25. The firm’s 50 day moving average price is $17.26 and its 200-day moving average price is $24.57. Endava has a twelve month low of $14.00 and a twelve month high of $34.94.

Hedge Funds Weigh In On Endava

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in Endava by 16.1% in the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock valued at $208,000 after acquiring an additional 1,482 shares during the last quarter. Circumference Group LLC increased its holdings in shares of Endava by 48.8% in the first quarter. Circumference Group LLC now owns 251,500 shares of the company’s stock worth $4,907,000 after purchasing an additional 82,500 shares during the last quarter. State of Wyoming lifted its position 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. Trexquant Investment LP purchased a new stake in shares of Endava in the first quarter worth about $764,000. Finally, Next Century Growth Investors LLC bought a new position in Endava during the first quarter valued at approximately $1,929,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

About Endava

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.