Morgan Stanley Increases Endava (NYSE:DAVA) Price Target to $35.00

Endava (NYSE:DAVA) had its price target boosted by investment analysts at Morgan Stanley from $33.00 to $35.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price would indicate a potential upside of 7.80% from the stock’s current price.

Several other research analysts have also recently weighed in on DAVA. Guggenheim lowered their target price on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. TD Cowen boosted their target price on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Bank of America assumed coverage on shares of Endava in a research report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target on the stock. Citigroup reduced their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Finally, Needham & Company LLC lifted 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, January 10th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Endava currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.01.

Endava Trading Down 0.0 %

DAVA stock opened at $32.47 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava has a 12-month low of $23.28 and a 12-month high of $73.27. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 231.91, a PEG ratio of 2.32 and a beta of 1.22. The business’s 50-day moving average is $30.69 and its 200 day moving average is $29.11.

Hedge Funds Weigh In On Endava

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock worth $46,000 after acquiring an additional 331 shares in the last quarter. Precision Wealth Strategies LLC boosted its stake in Endava by 4.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock valued at $277,000 after acquiring an additional 383 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after buying an additional 745 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after buying an additional 886 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in Endava by 11.4% during the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after purchasing an additional 933 shares in the last quarter. Institutional investors and hedge funds 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.