Endava (NYSE:DAVA) Sets New 1-Year Low at $31.82

Endava plc (NYSE:DAVA - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $31.82 and last traded at $32.47, with a volume of 115599 shares trading hands. The stock had previously closed at $32.96.

Analysts Set New Price Targets

A number of research analysts have recently commented on DAVA shares. HSBC lowered shares of Endava from a "buy" rating to a "hold" rating and upped their price objective for the company from $68.00 to $80.00 in a research report on Monday, January 8th. Citigroup reissued a "neutral" rating and issued a $40.00 price target (down previously from $90.00) on shares of Endava in a research report on Friday, March 1st. Guggenheim assumed coverage on shares of Endava in a research report on Tuesday, March 19th. They issued a "buy" rating and a $60.00 price target for the company. Morgan Stanley lowered shares of Endava from an "overweight" rating to an "equal weight" rating and increased their price target for the stock from $68.00 to $80.00 in a research report on Wednesday, January 24th. Finally, Needham & Company LLC dropped their price target on shares of Endava from $70.00 to $50.00 and set a "buy" rating for the company in a research report on Friday, March 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.78.

Endava Stock Down 2.9 %

The company has a market cap of $1.85 billion, a price-to-earnings ratio of 22.07 and a beta of 1.10. The company's fifty day moving average price is $49.22 and its two-hundred day moving average price is $59.70.

Endava (NYSE:DAVA - Get Free Report) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $227.96 million for the quarter, compared to analyst estimates of $231.07 million. Endava had a return on equity of 11.77% and a net margin of 8.88%. Research analysts forecast that Endava plc will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Endava

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in Endava by 47.8% in the fourth quarter. Assetmark Inc. now owns 510 shares of the company's stock valued at $40,000 after acquiring an additional 165 shares during the last quarter. Azimuth Capital Investment Management LLC boosted its stake in Endava by 0.4% in the first quarter. Azimuth Capital Investment Management LLC now owns 46,927 shares of the company's stock valued at $3,153,000 after acquiring an additional 210 shares during the last quarter. Royal Bank of Canada boosted its stake in Endava by 3.1% in the third quarter. Royal Bank of Canada now owns 7,323 shares of the company's stock valued at $590,000 after acquiring an additional 218 shares during the last quarter. Pathstone Family Office LLC boosted its stake in Endava by 9.1% in the fourth quarter. Pathstone Family Office LLC now owns 3,226 shares of the company's stock valued at $250,000 after acquiring an additional 270 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Endava by 30.5% during the first quarter. Captrust Financial Advisors now owns 1,218 shares of the company's stock worth $162,000 after purchasing an additional 285 shares in the last quarter. 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.