Endava plc (NYSE:DAVA) Receives $96.25 Consensus Target Price from Brokerages

Endava plc (NYSE:DAVA – Get Rating) has received an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $96.25.

A number of analysts recently commented on DAVA shares. Morgan Stanley dropped their price target on Endava from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 15th. Needham & Company LLC lowered their target price on Endava from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, February 15th. TheStreet lowered Endava from a “b-” rating to a “c+” rating in a research note on Tuesday, April 25th. Citigroup lowered their target price on Endava from $95.00 to $85.00 in a research note on Monday, May 1st. Finally, Cowen lowered their target price on Endava from $95.00 to $90.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 15th.

Institutional Investors Weigh In On Endava

Several hedge funds have recently added to or reduced their stakes in DAVA. Quadrant Capital Group LLC lifted its stake in shares of Endava by 100.0% in the 4th quarter. Quadrant Capital Group LLC now owns 324 shares of the company’s stock valued at $25,000 after acquiring an additional 162 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Endava by 433.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 480 shares of the company’s stock valued at $39,000 after acquiring an additional 390 shares during the last quarter. Arcadia Investment Management Corp MI lifted its stake in shares of Endava by 130.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 490 shares of the company’s stock valued at $33,000 after acquiring an additional 277 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Endava in the 1st quarter valued at about $88,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Endava by 76.8% in the 1st quarter. Global Retirement Partners LLC now owns 870 shares of the company’s stock valued at $49,000 after acquiring an additional 378 shares during the last quarter. Institutional investors own 52.15% of the company’s stock.

Endava Stock Up 6.2 %

DAVA stock opened at $56.13 on Friday. The stock’s 50 day moving average is $59.46 and its 200-day moving average is $72.24. The firm has a market capitalization of $3.19 billion, a PE ratio of 27.79 and a beta of 1.16. Endava has a twelve month low of $48.09 and a twelve month high of $115.86.

About Endava

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Endava Plc engages in the provision of technology services. It focuses on finance, insurance, telecommunications, media, and retail companies. The company was founded by John Edward Cotterell in 2000 and is headquartered in London, the United Kingdom.