Endava (NYSE:DAVA) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Endava (NYSE:DAVA - Free Report) in a research report released on Thursday morning, MarketBeat.com reports. The firm issued a hold rating and a $14.00 price objective on the stock.

DAVA has been the topic of a number of other research reports. Wall Street Zen upgraded Endava from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Guggenheim reiterated a "buy" rating and issued a $25.00 price objective on shares of Endava in a report on Tuesday, June 10th. TD Cowen downgraded Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a report on Thursday, May 15th. Needham & Company LLC upped their target price on Endava from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.00 target price on shares of Endava in a research report on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $25.22.

Endava Stock Up 0.5%

Shares of DAVA traded up $0.06 during mid-day trading on Thursday, reaching $13.53. The company's stock had a trading volume of 682,352 shares, compared to its average volume of 576,133. Endava has a 12-month low of $13.12 and a 12-month high of $34.94. The stock has a market cap of $798.73 million, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 2.18. The company's 50 day moving average is $15.39 and its 200 day moving average is $21.65.

Institutional Trading of Endava

A number of hedge funds have recently added to or reduced their stakes in DAVA. Charles Schwab Investment Management Inc. lifted its position in Endava by 35.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company's stock worth $843,000 after acquiring an additional 7,124 shares during the period. PNC Financial Services Group Inc. lifted its position in Endava by 60.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,086 shares of the company's stock worth $126,000 after acquiring an additional 1,538 shares during the period. Natixis Advisors LLC lifted its position in Endava by 44.8% during the 4th quarter. Natixis Advisors LLC now owns 45,340 shares of the company's stock worth $1,401,000 after acquiring an additional 14,023 shares during the period. Sei Investments Co. lifted its position in Endava by 26.1% during the 4th quarter. Sei Investments Co. now owns 118,095 shares of the company's stock worth $3,649,000 after acquiring an additional 24,426 shares during the period. Finally, Horrell Capital Management Inc. lifted its position in Endava by 12.7% during the 4th quarter. Horrell Capital Management Inc. now owns 169,000 shares of the company's stock worth $5,222,000 after acquiring an additional 19,000 shares during the period. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Company Profile

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.