Endava plc (NYSE:DAVA) Receives $39.83 Consensus Price Target from Brokerages

Endava plc (NYSE:DAVAGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $40.46.

DAVA has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their price target on shares of Endava from $36.00 to $43.00 and gave the company a “buy” rating in a research report on Friday. Susquehanna cut their price objective on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. TD Cowen raised their target price on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Citigroup decreased their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Finally, Bank of America started coverage on Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 target price on the stock.

Read Our Latest Report on Endava

Endava Trading Down 0.4 %

Shares of Endava stock opened at $31.09 on Thursday. The company’s 50-day moving average price is $29.32 and its 200-day moving average price is $28.91. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 222.07, a PEG ratio of 2.12 and a beta of 1.22. Endava has a 12-month low of $23.28 and a 12-month high of $81.06. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Institutional Trading of Endava

A number of large investors have recently added to or reduced their stakes in DAVA. GAMMA Investing LLC raised 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 buying an additional 745 shares in the last quarter. 272 Capital LP boosted its stake in Endava by 156.3% during the third quarter. 272 Capital LP now owns 145,146 shares of the company’s stock worth $3,707,000 after buying an additional 88,518 shares during the period. DF Dent & Co. Inc. lifted its holdings in shares of Endava by 2.5% in the 3rd quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock worth $19,847,000 after acquiring an additional 18,882 shares during the last quarter. State Street Corp boosted its stake in shares of Endava by 33.0% during the 3rd quarter. State Street Corp now owns 80,148 shares of the company’s stock worth $2,047,000 after purchasing an additional 19,884 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Endava by 11.7% during the 3rd quarter. HighTower Advisors LLC now owns 15,143 shares of the company’s stock worth $390,000 after acquiring an additional 1,592 shares during the last quarter. Institutional investors own 62.23% 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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