Endava (NYSE:DAVA - Get Free Report ) was upgraded by research analysts at HSBC from a "hold" rating to a "buy" rating in a report released on Wednesday, MarketBeat Ratings reports. The firm presently has a $45.00 price target on the stock. HSBC's price target would suggest a potential upside of 44.14% from the stock's current price.
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A number of other brokerages have also weighed in on DAVA. Needham & Company LLC decreased their price objective on shares of Endava from $70.00 to $50.00 and set a "buy" rating for the company in a report on Friday, March 1st. Guggenheim began coverage on Endava in a report on Tuesday, March 19th. They issued a "buy" rating and a $60.00 target price for the company. TD Cowen lowered their price target on Endava from $85.00 to $52.00 and set an "outperform" rating on the stock in a report on Friday, March 1st. Morgan Stanley reaffirmed an "equal weight" rating and set a $40.00 price objective on shares of Endava in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised Endava from a "neutral" rating to an "overweight" rating and set a $49.00 target price for the company in a research report on Tuesday, March 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $51.67.
Read Our Latest Research Report on DAVA
Endava Price Performance DAVA stock traded up $2.22 during midday trading on Wednesday, hitting $31.22. The stock had a trading volume of 894,118 shares, compared to its average volume of 574,355. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 21.55 and a beta of 1.10. The business has a 50-day moving average of $38.36 and a two-hundred day moving average of $56.99. Endava has a 52-week low of $28.99 and a 52-week high of $81.06.
Endava (NYSE:DAVA - Get Free Report ) last announced its 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). Endava had a net margin of 8.88% and a return on equity of 11.77%. The business had revenue of $227.96 million for the quarter, compared to the consensus estimate of $231.07 million. Research analysts predict that Endava will post 0.62 earnings per share for the current year.
Institutional Trading of Endava Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors grew its position in shares of Endava by 3.2% during the fourth quarter. Capital International Investors now owns 2,115,202 shares of the company's stock valued at $164,668,000 after purchasing an additional 65,794 shares in the last quarter. FMR LLC grew its holdings in Endava by 16.5% during the 3rd quarter. FMR LLC now owns 1,807,318 shares of the company's stock valued at $103,650,000 after buying an additional 256,250 shares in the last quarter. CDAM UK Ltd increased its stake in Endava by 1.8% in the 4th quarter. CDAM UK Ltd now owns 1,451,449 shares of the company's stock worth $112,995,000 after acquiring an additional 25,570 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of Endava by 2.0% during the 1st quarter. Wasatch Advisors LP now owns 1,262,478 shares of the company's stock valued at $48,025,000 after acquiring an additional 24,699 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Endava in the third quarter valued at $58,433,000. Institutional investors own 62.23% of the company's stock.
About Endava (
Get Free Report )
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.
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