Endava plc (NYSE:DAVA) Receives Consensus Recommendation of “Hold” from Brokerages

Endava plc (NYSE:DAVA) has received a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $26.63.

A number of analysts have recently weighed in on the company. TD Cowen lowered Endava from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Thursday, May 15th. Cowen lowered Endava from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Susquehanna dropped their price objective on Endava from $50.00 to $42.00 and set a “positive” rating for the company in a research note on Tuesday, May 20th. Guggenheim reissued a “buy” rating and set a $25.00 price objective on shares of Endava in a research note on Tuesday. Finally, Needham & Company LLC increased their price objective on Endava from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday.

Endava Stock Performance

NYSE:DAVA opened at $16.24 on Friday. The firm has a market cap of $958.66 million, a PE ratio of 147.64, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. Endava has a fifty-two week low of $14.00 and a fifty-two week high of $34.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The business has a 50 day moving average price of $17.13 and a 200-day moving average price of $24.26.

Institutional Trading of Endava

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in Endava in the first quarter worth $25,000. Assetmark Inc. lifted its stake in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. raised its holdings in 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 purchasing an additional 331 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after purchasing an additional 786 shares in the last quarter. Finally, State of Wyoming raised its holdings in Endava by 112.7% in the first quarter. State of Wyoming now owns 2,367 shares of the company’s stock worth $46,000 after purchasing an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors 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.