Endava (NYSE:DAVA) Reaches New 1-Year Low at $29.56

Endava plc (NYSE:DAVA - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as $29.56 and last traded at $29.74, with a volume of 111377 shares changing hands. The stock had previously closed at $30.36.

Analyst Ratings Changes

DAVA has been the topic of several analyst reports. Needham & Company LLC cut their target price on Endava from $70.00 to $50.00 and set a "buy" rating on the stock in a research note on Friday, March 1st. TD Cowen cut their target price on Endava from $85.00 to $52.00 and set an "outperform" rating on the stock in a research note on Friday, March 1st. JPMorgan Chase & Co. raised Endava from a "neutral" rating to an "overweight" rating and set a $49.00 price target on the stock in a research report on Tuesday, March 19th. Citigroup reaffirmed a "neutral" rating and set a $40.00 price target (down previously from $90.00) on shares of Endava in a research report on Friday, March 1st. Finally, Guggenheim initiated coverage on Endava in a research report on Tuesday, March 19th. They set a "buy" rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $60.78.

Endava Stock Performance

The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 20.63 and a beta of 1.10. The company has a fifty day simple moving average of $44.48 and a two-hundred day simple moving average of $58.54.

Endava (NYSE:DAVA - Get Free Report) last announced 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). Endava had a net margin of 8.88% and a return on equity of 11.77%. The company had revenue of $227.96 million during the quarter, compared to analyst estimates of $231.07 million. As a group, equities analysts anticipate that Endava plc will post 0.66 earnings per share for the current year.

Institutional Investors Weigh In On Endava

A number of hedge funds and other institutional investors have recently bought and sold shares of DAVA. Tower Research Capital LLC TRC grew its position in shares of Endava by 433.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 480 shares of the company's stock valued at $39,000 after buying an additional 390 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Endava by 47.8% in the 4th quarter. Assetmark Inc. now owns 510 shares of the company's stock worth $40,000 after purchasing an additional 165 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Endava in the 1st quarter worth $88,000. Financial Management Professionals Inc. bought a new position in Endava during the 4th quarter valued at $81,000. Finally, Signaturefd LLC lifted its stake in Endava by 194.9% during the 3rd quarter. Signaturefd LLC now owns 1,153 shares of the company's stock valued at $66,000 after acquiring an additional 762 shares in the last quarter. Institutional investors own 62.23% of the company's stock.

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.