Endava (NYSE:DAVA) Given "Buy" Rating at Guggenheim

Endava (NYSE:DAVA - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Guggenheim in a research note issued on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock. Guggenheim's target price would suggest a potential upside of 49.70% from the company's previous close.

Several other brokerages have also recently commented on DAVA. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $18.00 price objective on shares of Endava in a research note on Monday, May 19th. Susquehanna decreased their price objective on Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research note on Tuesday, May 20th. TD Cowen cut 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 raised their target price on shares of Endava from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.63.

Endava Stock Performance

Shares of DAVA stock traded down $0.24 during trading hours on Tuesday, hitting $16.70. The stock had a trading volume of 292,234 shares, compared to its average volume of 543,893. The stock's 50 day moving average is $17.18 and its 200 day moving average is $24.40. The firm has a market capitalization of $985.82 million, a PE ratio of 151.55, a PEG ratio of 2.26 and a beta of 1.15. Endava has a twelve month low of $14.00 and a twelve month high of $34.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

Hedge Funds Weigh In On Endava

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in shares of Endava during the first quarter worth about $25,000. Assetmark Inc. boosted its holdings in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after purchasing an additional 475 shares during the period. Blue Trust Inc. raised its holdings in shares of Endava by 28.5% during 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 during the period. Quadrant Capital Group LLC raised its stake in Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after acquiring an additional 786 shares during the period. Finally, State of Wyoming grew its holdings in shares of Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company's stock valued at $46,000 after purchasing an additional 1,254 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.

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.