Shares of Endava plc (NYSE:DAVA - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as $14.00 and last traded at $14.31, with a volume of 54541 shares trading hands. The stock had previously closed at $14.70.
Analysts Set New Price Targets
DAVA has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 price target on shares of Endava in a research report on Monday. Needham & Company LLC dropped their price target on Endava from $22.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, May 15th. Guggenheim reduced their price objective on Endava from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley lifted their price target on Endava from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, TD Cowen cut shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective for the company. in a research report on Thursday, May 15th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Endava presently has an average rating of "Hold" and a consensus target price of $29.71.
View Our Latest Research Report on Endava
Endava Price Performance
The business's fifty day simple moving average is $18.49 and its 200-day simple moving average is $25.46. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The firm has a market cap of $842.14 million, a P/E ratio of 130.27, a PEG ratio of 2.26 and a beta of 1.25.
Endava (NYSE:DAVA - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS 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 company had revenue of $250.63 million during the quarter, compared to the consensus estimate of $197.33 million. As a group, analysts forecast that Endava plc will post 0.57 EPS for the current fiscal year.
Hedge Funds Weigh In On Endava
Several hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in Endava during the fourth quarter valued at approximately $215,000. Natixis Advisors LLC increased its holdings in Endava by 44.8% during the 4th quarter. Natixis Advisors LLC now owns 45,340 shares of the company's stock valued at $1,401,000 after purchasing an additional 14,023 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Endava by 13.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 204,300 shares of the company's stock valued at $6,313,000 after acquiring an additional 25,000 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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. Finally, Sei Investments Co. raised its holdings in Endava by 26.1% in the fourth quarter. Sei Investments Co. now owns 118,095 shares of the company's stock worth $3,649,000 after purchasing an additional 24,426 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company's stock.
About Endava
(
Get Free Report)
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.
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