Endava (NYSE:DAVA) Upgraded 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 report released on Saturday.

A number of other research analysts have also recently issued reports on the stock. Cowen cut shares of Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th. Guggenheim reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Endava in a research note on Tuesday, June 10th. TD Cowen downgraded 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. Susquehanna dropped their price target on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.00 price target on shares of Endava in a research report on Monday, May 19th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.63.

Endava Price Performance

NYSE:DAVA traded down $0.63 during trading hours on Friday, hitting $15.00. The company's stock had a trading volume of 654,860 shares, compared to its average volume of 548,333. The business's 50-day moving average is $16.99 and its two-hundred day moving average is $23.96. The company has a market capitalization of $885.33 million, a PE ratio of 39.47, a PEG ratio of 1.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18. Endava has a 52-week low of $14.00 and a 52-week high of $34.94.

Hedge Funds Weigh In On Endava

Several hedge funds have recently bought and sold shares of DAVA. Assetmark Inc. increased its position in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company's stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Endava during the 1st quarter worth about $25,000. Quadrant Capital Group LLC grew its holdings in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock worth $46,000 after buying an additional 786 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Endava by 28.5% during the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company's stock worth $46,000 after buying an additional 331 shares in the last quarter. Finally, State of Wyoming grew its holdings in shares of Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company's stock worth $46,000 after buying an additional 1,254 shares in the last quarter. 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.