Endava's (DAVA) "Buy" Rating Reiterated at Needham & Company LLC

Endava (NYSE:DAVA - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Needham & Company LLC in a research note issued to investors on Monday, Benzinga reports. They presently have a $5.00 price objective on the stock. Needham & Company LLC's price objective points to a potential upside of 148.14% from the stock's current price.

A number of other research analysts have also recently commented on the company. Zacks Research upgraded Endava from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Endava in a research report on Tuesday, September 8th. TD Cowen reaffirmed a "hold" rating and set a $3.50 price target on shares of Endava in a research note on Tuesday, September 22nd. William Blair cut Endava from a "market perform" rating to an "underperform" rating in a research report on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Endava from $3.00 to $2.00 and set a "hold" rating on the stock in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $5.36.

Endava Price Performance

Endava stock opened at $2.02 on Monday. The firm has a fifty day moving average of $2.71 and a 200-day moving average of $3.23. Endava has a 52-week low of $1.60 and a 52-week high of $9.88. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $113.26 million, a P/E ratio of -0.19 and a beta of 1.14.

Hedge Funds Weigh In On Endava

Institutional investors and hedge funds have recently made changes to their positions in the company. Barometer Capital Management Inc. raised its position in Endava by 32.5% in the 1st quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company's stock valued at $470,000 after buying an additional 26,080 shares during the last quarter. Alpine Global Management LLC bought a new stake in Endava in the 4th quarter valued at approximately $87,000. Finally, SmartHarvest Portfolios LLC bought a new stake in Endava in the 1st quarter valued at approximately $84,000. Institutional investors and hedge funds own 62.23% of the company's stock.

Endava Company Profile

Endava plc is a technology services company that helps organizations design, develop and modernize digital products, platforms and business operations. Its services include digital strategy, software engineering, cloud and enterprise technology, data and artificial intelligence, customer experience, and technology consulting.

The company works with clients across industries including payments and financial services, telecommunications, media and technology, mobility, healthcare, retail and consumer products.