Endava (NYSE:DAVA) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Endava (NYSE:DAVA - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other brokerages have also recently issued reports on DAVA. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $18.00 price objective on shares of Endava in a report on Monday, May 19th. Susquehanna cut their target price on Endava from $50.00 to $42.00 and set a "positive" rating on the stock in a research report on Tuesday, May 20th. Needham & Company LLC boosted their target price on Endava from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday. TD Cowen downgraded Endava from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a research report on Thursday, May 15th. Finally, Cowen downgraded Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $26.63.

Endava Price Performance

Shares of DAVA traded down $0.61 during mid-day trading on Friday, hitting $15.66. 690,632 shares of the stock were exchanged, compared to its average volume of 547,446. The company has a market cap of $924.19 million, a PE ratio of 142.33, a price-to-earnings-growth ratio of 2.26 and a beta of 1.15. Endava has a 52-week low of $14.00 and a 52-week high of $34.94. The firm has a 50-day moving average of $17.11 and a two-hundred day moving average of $24.17. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Institutional Trading of Endava

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in Endava by 28.5% in 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. Assetmark Inc. increased its stake 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. Smartleaf Asset Management LLC increased its stake in Endava by 23.5% in the first quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company's stock worth $72,000 after purchasing an additional 689 shares during the period. Portside Wealth Group LLC increased its stake in Endava by 5.7% in the first 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 period. Finally, Quadrant Capital Group LLC increased its stake in Endava by 114.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after purchasing an additional 786 shares during the period. Hedge funds and other 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.