Endava (NYSE:DAVA) Shares Gap Down to $56.13

Endava plc (NYSE:DAVA – Get Rating)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $56.13, but opened at $50.50. Endava shares last traded at $54.07, with a volume of 179,512 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DAVA shares. Susquehanna lowered their price target on shares of Endava from $112.00 to $104.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Endava from $78.00 to $53.00 in a report on Wednesday. Needham & Company LLC reduced their target price on Endava from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, February 15th. Morgan Stanley lowered their price target on Endava from $95.00 to $70.00 in a report on Wednesday. Finally, Cowen decreased their target price on shares of Endava from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Endava has a consensus rating of “Moderate Buy” and a consensus target price of $87.75.

Endava Price Performance

The company’s 50 day simple moving average is $58.78 and its 200 day simple moving average is $72.01. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 25.25 and a beta of 1.16.

Institutional Investors Weigh In On Endava

A number of hedge funds have recently bought and sold shares of DAVA. Price T Rowe Associates Inc. MD increased its stake in shares of Endava by 14.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,254,362 shares of the company’s stock worth $631,459,000 after buying an additional 1,037,028 shares during the period. FMR LLC grew its holdings in Endava by 188.3% during the 1st quarter. FMR LLC now owns 1,560,795 shares of the company’s stock worth $104,854,000 after acquiring an additional 1,019,337 shares in the last quarter. DF Dent & Co. Inc. increased its position in shares of Endava by 70.9% in the 1st quarter. DF Dent & Co. Inc. now owns 1,250,822 shares of the company’s stock valued at $84,030,000 after purchasing an additional 519,047 shares during the last quarter. Southpoint Capital Advisors LP raised its holdings in shares of Endava by 197.3% in the 1st quarter. Southpoint Capital Advisors LP now owns 743,250 shares of the company’s stock valued at $49,932,000 after purchasing an additional 493,250 shares in the last quarter. Finally, Invesco Ltd. purchased a new stake in shares of Endava during the 1st quarter worth $64,236,000. Institutional investors and hedge funds own 52.15% of the company’s stock.

About Endava

(Get Rating)

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.