Endava (NYSE:DAVA) PT Lowered to $33.00

Endava (NYSE:DAVA - Get Free Report) had its price target lowered by equities researchers at Citigroup from $40.00 to $33.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price suggests a potential upside of 11.07% from the company's current price.

Other analysts have also recently issued reports about the company. Guggenheim assumed coverage on Endava in a research report on Tuesday, March 19th. They issued a "buy" rating and a $60.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Endava from a "neutral" rating to an "overweight" rating and set a $49.00 price objective for the company in a research note on Tuesday, March 19th. HSBC cut shares of Endava from a "buy" rating to a "hold" rating and increased their price target for the company from $68.00 to $80.00 in a report on Monday, January 8th. Needham & Company LLC lowered their price objective on Endava from $70.00 to $50.00 and set a "buy" rating on the stock in a research report on Friday, March 1st. Finally, TD Cowen reduced their target price on Endava from $85.00 to $52.00 and set an "outperform" rating for the company in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $55.56.

Endava Stock Performance

DAVA stock traded down $0.21 on Monday, reaching $29.71. The company's stock had a trading volume of 419,236 shares, compared to its average volume of 582,232. The business has a fifty day simple moving average of $43.68 and a two-hundred day simple moving average of $58.39. The firm has a market cap of $1.72 billion, a PE ratio of 20.68 and a beta of 1.10. Endava has a 12-month low of $29.54 and a 12-month high of $81.06.

Endava (NYSE:DAVA - Get Free Report) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Endava had a return on equity of 11.77% and a net margin of 8.88%. The company had revenue of $227.96 million during the quarter, compared to the consensus estimate of $231.07 million. As a group, research analysts anticipate that Endava will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Endava

Several large investors have recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in shares of Endava by 47.8% during the 4th quarter. Assetmark Inc. now owns 510 shares of the company's stock valued at $40,000 after acquiring an additional 165 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Endava during the 4th quarter valued at $81,000. Signaturefd LLC raised its position in shares of 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 purchasing an additional 762 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Endava by 41.8% during the 3rd quarter. Global Retirement Partners LLC now owns 1,234 shares of the company's stock valued at $69,000 after buying an additional 364 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in Endava in the 4th quarter worth $99,000. 62.23% of the stock is currently 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.