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

Shares of Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) have earned an average rating of "Hold" from the nine analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $26.63.

Several brokerages have weighed in on DAVA. Susquehanna lowered their target price on Endava from $50.00 to $42.00 and set a "positive" rating for the company in a report on Tuesday, May 20th. Guggenheim reiterated a "buy" rating and issued a $25.00 target price on shares of Endava in a report on Tuesday, June 10th. Needham & Company LLC upped their target price on Endava from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen upgraded Endava from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Finally, Cowen lowered Endava from a "buy" rating to a "hold" rating in a research report on Wednesday, May 14th.

Endava Stock Up 0.3%

Shares of DAVA stock traded up $0.05 during mid-day trading on Thursday, hitting $15.49. The stock had a trading volume of 684,994 shares, compared to its average volume of 564,107. Endava has a 12-month low of $13.39 and a 12-month high of $34.94. The firm has a market capitalization of $914.39 million, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 1.45 and a beta of 1.14. The firm's 50-day moving average is $16.23 and its two-hundred day moving average is $22.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.18 and a quick ratio of 2.18.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DAVA. Jane Street Group LLC increased its position in Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company's stock valued at $208,000 after buying an additional 1,482 shares in the last quarter. Circumference Group LLC increased its position in Endava by 48.8% during the 1st quarter. Circumference Group LLC now owns 251,500 shares of the company's stock valued at $4,907,000 after buying an additional 82,500 shares in the last quarter. State of Wyoming increased its position in Endava by 112.7% during the 1st quarter. State of Wyoming now owns 2,367 shares of the company's stock valued at $46,000 after buying an additional 1,254 shares in the last quarter. Trexquant Investment LP acquired a new position in Endava during the 1st quarter valued at about $764,000. Finally, Next Century Growth Investors LLC acquired a new position in Endava during the 1st quarter valued at about $1,929,000. 62.23% of the stock is owned by institutional investors.

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.