Endava (NYSE:DAVA) Receives New Coverage from Analysts at Guggenheim

Guggenheim started coverage on shares of Endava (NYSE:DAVAFree Report) in a research note released on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $60.00 price objective on the stock.

A number of other analysts have also weighed in on DAVA. TD Cowen dropped their target price on shares of Endava from $85.00 to $52.00 and set an outperform rating for the company in a report on Friday, March 1st. HSBC lowered shares of Endava from a buy rating to a hold rating and increased their target price for the stock from $68.00 to $80.00 in a report on Monday, January 8th. Morgan Stanley lowered shares of Endava from an overweight rating to an equal weight rating and increased their target price for the stock from $68.00 to $80.00 in a report on Wednesday, January 24th. Citigroup reiterated a neutral rating and set a $40.00 target price (down from $90.00) on shares of Endava in a report on Friday, March 1st. Finally, Needham & Company LLC decreased their price target on shares of Endava from $70.00 to $50.00 and set a buy rating for the company in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Endava currently has a consensus rating of Moderate Buy and an average price target of $60.78.

Check Out Our Latest Stock Report on Endava

Endava Trading Up 4.5 %

Endava stock opened at $38.90 on Tuesday. The firm has a 50-day moving average of $61.96 and a 200-day moving average of $61.58. The firm has a market cap of $2.25 billion, a P/E ratio of 26.83 and a beta of 1.10. Endava has a 1-year low of $35.25 and a 1-year high of $81.06.

Hedge Funds Weigh In On Endava

A number of institutional investors and hedge funds have recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Endava by 2.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 254,301 shares of the company’s stock valued at $19,797,000 after purchasing an additional 6,492 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Endava during the fourth quarter valued at approximately $5,265,000. Legal & General Group Plc increased its position in shares of Endava by 36.2% during the fourth quarter. Legal & General Group Plc now owns 85,089 shares of the company’s stock valued at $6,624,000 after acquiring an additional 22,601 shares in the last quarter. Vident Advisory LLC bought a new stake in shares of Endava during the fourth quarter valued at approximately $720,000. Finally, Baird Financial Group Inc. increased its position in shares of Endava by 950.8% during the fourth quarter. Baird Financial Group Inc. now owns 40,099 shares of the company’s stock valued at $3,122,000 after acquiring an additional 36,283 shares in the last quarter. Institutional investors own 56.10% of the company’s stock.

Endava Company Profile

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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.

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Analyst Recommendations for Endava (NYSE:DAVA)

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