Endava PLC Sponsored ADR (NYSE:DAVA) Receives Consensus Recommendation of "Hold" from Brokerages

Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) has earned a consensus recommendation of "Hold" from the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Six 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 brokers that have covered the stock in the last year is $26.63.

Several research firms recently issued reports on DAVA. 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.00 price objective on shares of Endava in a report on Monday, May 19th. Guggenheim restated a "buy" rating and issued a $25.00 price objective on shares of Endava in a research note on Tuesday, June 10th. Needham & Company LLC upped their target price on Endava from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, TD Cowen lowered shares of Endava from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a research report on Thursday, May 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DAVA. Jane Street Group LLC boosted its stake in shares of Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company's stock worth $208,000 after acquiring an additional 1,482 shares in the last quarter. Circumference Group LLC increased its holdings in Endava by 48.8% in the 1st quarter. Circumference Group LLC now owns 251,500 shares of the company's stock worth $4,907,000 after acquiring an additional 82,500 shares in the last quarter. State of Wyoming raised its position in 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 acquiring an additional 1,254 shares during the period. Trexquant Investment LP purchased a new position in Endava during the first quarter valued at $764,000. Finally, Next Century Growth Investors LLC purchased a new position in Endava during the first quarter valued at $1,929,000. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Stock Performance

Endava stock traded up $0.05 during mid-day trading on Thursday, reaching $15.49. 684,994 shares of the company traded hands, compared to its average volume of 563,036. The firm's fifty day moving average is $16.29 and its two-hundred day moving average is $22.79. The company has a market capitalization of $914.37 million, a price-to-earnings ratio of 40.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. Endava has a fifty-two week low of $13.39 and a fifty-two week high of $34.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 2.18.

Endava Company Profile

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.