Endava (NYSE:DAVA) Hits New 12-Month Low - Should You Sell?

Endava plc (NYSE:DAVA - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $16.60 and last traded at $16.70, with a volume of 58115 shares. The stock had previously closed at $17.10.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DAVA shares. Needham & Company LLC decreased their target price on Endava from $43.00 to $38.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Susquehanna dropped their price target on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley boosted their price objective on shares of Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.10.

Endava Stock Performance

The stock has a market capitalization of $1.08 billion, a P/E ratio of 167.00, a PEG ratio of 2.26 and a beta of 1.33. The stock's 50-day simple moving average is $20.82 and its 200 day simple moving average is $26.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90.

Endava (NYSE:DAVA - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The firm had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. Research analysts expect that Endava plc will post 0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State Street Corp raised its holdings in shares of Endava by 33.0% during the 3rd quarter. State Street Corp now owns 80,148 shares of the company's stock worth $2,047,000 after buying an additional 19,884 shares in the last quarter. 272 Capital LP boosted its holdings in Endava by 156.3% in the third quarter. 272 Capital LP now owns 145,146 shares of the company's stock valued at $3,707,000 after acquiring an additional 88,518 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Endava by 86.4% during the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company's stock worth $50,000 after buying an additional 745 shares during the period. SG Americas Securities LLC grew its holdings in Endava by 1,299.1% during the 4th quarter. SG Americas Securities LLC now owns 430,366 shares of the company's stock worth $13,298,000 after acquiring an additional 399,605 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in Endava in the fourth quarter worth approximately $783,000. 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.