Endava plc (NYSE:DAVA) Receives $37.31 Average Target Price from Analysts

Shares of Endava plc (NYSE:DAVA - Get Free Report) have been given an average recommendation of "Moderate Buy" by the ten research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $33.41.

A number of brokerages have recently weighed in on DAVA. TD Cowen lowered Endava from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a report on Thursday. Guggenheim lowered their target price on Endava from $40.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday. Morgan Stanley upped their target price on Endava from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Susquehanna lowered their target price on Endava from $55.00 to $50.00 and set a "positive" rating on the stock in a research note on Friday, February 21st. Finally, Needham & Company LLC lowered their target price on Endava from $22.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday.

Endava Stock Up 2.0%

NYSE:DAVA traded up $0.30 during mid-day trading on Wednesday, hitting $15.08. 1,653,295 shares of the company's stock traded hands, compared to its average volume of 524,433. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The company has a fifty day moving average of $18.99 and a 200 day moving average of $25.71. The company has a market capitalization of $889.89 million, a P/E ratio of 137.05, a P/E/G ratio of 2.26 and a beta of 1.25. Endava has a twelve month low of $14.32 and a twelve month high of $34.94.

Endava (NYSE:DAVA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.06). Endava had a net margin of 0.74% and a return on equity of 0.89%. On average, analysts forecast that Endava will post 0.57 EPS for the current year.

Hedge Funds Weigh In On Endava

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Endava in the fourth quarter valued at approximately $215,000. Natixis Advisors LLC lifted its position in shares of Endava by 44.8% in the fourth quarter. Natixis Advisors LLC now owns 45,340 shares of the company's stock valued at $1,401,000 after acquiring an additional 14,023 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of 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. lifted its position in shares of Endava by 35.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 27,289 shares of the company's stock valued at $843,000 after acquiring an additional 7,124 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Endava by 26.1% in the fourth quarter. Sei Investments Co. now owns 118,095 shares of the company's stock valued at $3,649,000 after acquiring 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

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.