Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $13.98 and last traded at $14.01, with a volume of 688499 shares changing hands. The stock had previously closed at $14.52.
Analysts Set New Price Targets
A number of research firms have recently commented on DAVA. Guggenheim reissued a "buy" rating and issued a $25.00 price objective on shares of Endava in a research note on Tuesday, June 10th. Susquehanna dropped their price target on shares of Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of Endava from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Needham & Company LLC boosted their target price on shares of Endava from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Cowen lowered shares of Endava from a "buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $26.63.
Get Our Latest Stock Report on DAVA
Endava Price Performance
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 firm has a market cap of $824.71 million, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The stock's fifty day moving average price is $16.82 and its 200-day moving average price is $23.80.
Institutional Trading of Endava
Hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its stake in Endava by 36.7% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,198,846 shares of the company's stock valued at $120,939,000 after acquiring an additional 1,665,735 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Endava by 5.0% during the first quarter. Invesco Ltd. now owns 3,440,658 shares of the company's stock worth $67,127,000 after purchasing an additional 164,475 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Endava by 7.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,549,317 shares of the company's stock worth $78,774,000 after purchasing an additional 171,048 shares during the period. CDAM UK Ltd grew its position in Endava by 7.8% during the fourth quarter. CDAM UK Ltd now owns 2,348,674 shares of the company's stock valued at $72,574,000 after purchasing an additional 169,147 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in Endava by 80.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,806,044 shares of the company's stock valued at $55,807,000 after buying an additional 805,903 shares during the period. 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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