Endava PLC Sponsored ADR (NYSE:DAVA) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Endava PLC Sponsored ADR (NYSE:DAVA) has received a consensus rating of "Hold" from ten research firms, with seven recommending hold and three recommending buy.
• The average 12-month price objective among brokerages for Endava is $25.11, with target prices ranging from $17.00 to $42.00.
• Approximately 62.23% of Endava's stock is currently owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) has been assigned a consensus rating of "Hold" from the ten research firms that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.1111.

A number of analysts have recently issued reports on the company. Cowen lowered Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th. TD Cowen lowered 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. Susquehanna dropped 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. Guggenheim reaffirmed a "buy" rating and set a $25.00 target price on shares of Endava in a research report on Tuesday, June 10th. Finally, JPMorgan Chase & Co. dropped their target price on Endava from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday.

Endava Stock Up 2.0%

Shares of NYSE DAVA opened at $12.9670 on Friday. Endava has a 1 year low of $11.63 and a 1 year high of $34.94. The firm has a market cap of $765.44 million, a price-to-earnings ratio of 34.12 and a beta of 1.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18. The stock's 50-day simple moving average is $13.92 and its 200-day simple moving average is $18.46.

Hedge Funds Weigh In On Endava

A number of hedge funds have recently bought and sold shares of DAVA. Barclays PLC grew its stake in Endava by 22,933.3% in the fourth quarter. Barclays PLC now owns 17,275 shares of the company's stock worth $533,000 after purchasing an additional 17,200 shares in the last quarter. Jump Financial LLC acquired a new position in Endava in the fourth quarter worth about $374,000. Marshall Wace LLP grew its stake in Endava by 182.7% in the fourth quarter. Marshall Wace LLP now owns 68,139 shares of the company's stock worth $2,105,000 after purchasing an additional 44,039 shares in the last quarter. Commerce Bank acquired a new position in Endava in the fourth quarter worth about $292,000. Finally, State of Tennessee Department of Treasury acquired a new position in Endava in the fourth quarter worth about $100,000. 62.23% of the stock is currently owned by institutional investors and hedge funds.

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.

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