Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.70, but opened at $14.08. Endava shares last traded at $13.45, with a volume of 278,956 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. TD Cowen lowered shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective for the company. in a research note on Thursday, May 15th. Wall Street Zen lowered shares of Endava from a "buy" rating to a "hold" rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Endava in a report on Thursday, July 17th. They set a "hold" rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. restated a "neutral" rating and set a $18.00 price objective on shares of Endava in a report on Monday, May 19th. Finally, Guggenheim reiterated a "buy" rating and issued a $25.00 price target on shares of Endava in a report on Tuesday, June 10th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $25.22.
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Endava Stock Down 0.7%
The business has a fifty day simple moving average of $14.15 and a two-hundred day simple moving average of $18.67. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.21. The company has a market cap of $751.45 million, a PE ratio of 33.53 and a beta of 1.12.
Institutional Trading of Endava
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of Endava by 23.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company's stock worth $72,000 after acquiring an additional 689 shares during the last quarter. Portside Wealth Group LLC increased its position in shares of Endava by 5.7% during the 1st quarter. Portside Wealth Group LLC now owns 13,145 shares of the company's stock worth $256,000 after purchasing an additional 711 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Endava by 81.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company's stock worth $26,000 after purchasing an additional 753 shares during the last quarter. Investors Research Corp increased its position in shares of Endava by 7.4% during the 2nd quarter. Investors Research Corp now owns 11,950 shares of the company's stock worth $183,000 after purchasing an additional 825 shares during the last quarter. Finally, Strengthening Families & Communities LLC increased its position in shares of Endava by 13.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 9,997 shares of the company's stock worth $209,000 after purchasing an additional 1,153 shares during the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.
About Endava
(
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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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