Analysts Set Endava PLC Sponsored ADR (NYSE:DAVA) Price Target at $25.22

Key Points

• Endava PLC has received an average consensus rating of "Hold" from analysts, with seven holding ratings and three buy ratings.
• The average 12-month price target for Endava is $25.22, with recent adjustments including a reduction by Susquehanna to $42.00.
• Hedge funds and institutional investors currently own 62.23% of Endava's stock, with significant recent increases in holdings from multiple investment firms.

Endava PLC Sponsored ADR (NYSE:DAVA - Get Free Report) has been assigned a consensus rating of "Hold" from the ten ratings firms that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $25.22.

Several brokerages have weighed in on DAVA. Wall Street Zen raised shares of Endava from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Needham & Company LLC boosted their price objective on shares of Endava from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Guggenheim reissued a "buy" rating and issued a $25.00 target price on shares of Endava in a report on Tuesday, June 10th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $18.00 price target on shares of Endava in a research report on Monday, May 19th. Finally, Cowen downgraded Endava from a "buy" rating to a "hold" rating in a report on Wednesday, May 14th.

Institutional Investors Weigh In On Endava

Institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in Endava by 23.5% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company's stock worth $72,000 after acquiring an additional 689 shares in the last quarter. Portside Wealth Group LLC grew its position in Endava by 5.7% during the first quarter. Portside Wealth Group LLC now owns 13,145 shares of the company's stock worth $256,000 after buying an additional 711 shares in the last quarter. GAMMA Investing LLC boosted its stake in Endava by 81.0% during the second quarter. GAMMA Investing LLC now owns 1,683 shares of the company's stock worth $26,000 after buying an additional 753 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Endava by 114.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company's stock valued at $46,000 after buying an additional 786 shares in the last quarter. Finally, Investors Research Corp boosted its position in shares of Endava by 7.4% during the 2nd quarter. Investors Research Corp now owns 11,950 shares of the company's stock valued at $183,000 after acquiring an additional 825 shares in the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Stock Down 3.9%

Shares of NYSE:DAVA traded down $0.53 during trading on Monday, hitting $13.02. The company's stock had a trading volume of 302,310 shares, compared to its average volume of 667,453. The stock's 50-day moving average price is $14.88 and its two-hundred day moving average price is $20.59. Endava has a fifty-two week low of $13.12 and a fifty-two week high of $34.94. The company has a market capitalization of $768.57 million, a PE ratio of 34.45, a PEG ratio of 1.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.18 and a current ratio of 2.18.

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.