Endava PLC Sponsored ADR (NYSE:DAVA) Receives $26.63 Average Price Target from Analysts

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have received an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $26.63.

A number of analysts have recently commented on DAVA shares. Guggenheim restated a “buy” rating and issued a $25.00 target price on shares of Endava in a research note on Tuesday, June 10th. Susquehanna lowered their price target on Endava from $50.00 to $42.00 and set a “positive” rating on the stock in a research report on Tuesday, May 20th. Cowen downgraded Endava from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded Endava from a “hold” rating to a “buy” rating in a research report on Saturday, June 14th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.00 price target on shares of Endava in a research report on Monday, May 19th.

Hedge Funds Weigh In On Endava

A number of hedge funds have recently made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Endava by 93.1% during the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after acquiring an additional 475 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Endava by 23.5% during the first quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock valued at $72,000 after acquiring an additional 689 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of Endava by 5.7% during the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company’s stock valued at $256,000 after acquiring an additional 711 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after acquiring an additional 786 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in shares of Endava by 13.0% during the first quarter. Strengthening Families & Communities LLC now owns 9,997 shares of the company’s stock valued at $209,000 after acquiring an additional 1,153 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Stock Up 0.3%

Shares of DAVA opened at $15.49 on Thursday. Endava has a 52 week low of $13.39 and a 52 week high of $34.94. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $914.37 million, a price-to-earnings ratio of 40.76, a PEG ratio of 1.45 and a beta of 1.14. The stock’s 50-day moving average price is $16.23 and its 200-day moving average price is $22.63.

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.