Endava (NYSE:DAVA) Reaches New 1-Year Low at $29.25

Endava plc (NYSE:DAVA - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $29.25 and last traded at $29.36, with a volume of 42570 shares. The stock had previously closed at $30.00.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Endava from a "neutral" rating to an "overweight" rating and set a $49.00 price target for the company in a report on Tuesday, March 19th. Citigroup lowered their target price on shares of Endava from $40.00 to $33.00 and set a "neutral" rating for the company in a report on Monday. TD Cowen lowered their target price on shares of Endava from $85.00 to $52.00 and set an "outperform" rating for the company in a report on Friday, March 1st. Morgan Stanley restated an "equal weight" rating and issued a $40.00 target price on shares of Endava in a report on Monday. Finally, HSBC cut shares of Endava from a "buy" rating to a "hold" rating and upped their target price for the company from $68.00 to $80.00 in a report on Monday, January 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.56.

Endava Trading Down 3.1 %

The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 20.06 and a beta of 1.10. The stock's 50 day moving average is $40.60 and its two-hundred day moving average is $57.61.

Endava (NYSE:DAVA - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). The business 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%. On average, sell-side analysts predict that Endava plc will post 0.62 EPS for the current year.

Hedge Funds Weigh In On Endava

Large investors have recently bought and sold shares of the company. Assetmark Inc. raised its position in Endava by 47.8% during the 4th quarter. Assetmark Inc. now owns 510 shares of the company's stock worth $40,000 after buying an additional 165 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Endava by 194.9% in the 3rd quarter. Signaturefd LLC now owns 1,153 shares of the company's stock valued at $66,000 after purchasing an additional 762 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of Endava by 41.8% in the 3rd quarter. Global Retirement Partners LLC now owns 1,234 shares of the company's stock valued at $69,000 after purchasing an additional 364 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Endava in the 4th quarter valued at about $81,000. Finally, Principal Securities Inc. purchased a new position in shares of Endava in the 4th quarter valued at about $99,000. Hedge funds and other 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.