Brokerages Set Endava plc (NYSE:DAVA) PT at $39.83

Shares of Endava plc (NYSE:DAVA) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $39.83.

A number of analysts have recently weighed in on the stock. Guggenheim reduced their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Susquehanna decreased their target price on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a research note on Friday, September 20th. TD Cowen upped their price target on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. boosted their target price on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Finally, Bank of America began coverage on Endava in a research report on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target for the company.

Endava Stock Down 2.4 %

DAVA stock opened at $30.30 on Friday. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 216.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90. The business’s 50 day moving average price is $27.49 and its two-hundred day moving average price is $28.38. Endava has a fifty-two week low of $23.28 and a fifty-two week high of $81.06.

Endava (NYSE:DAVA) last issued its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). The firm had revenue of $245.30 million during the quarter, compared to analysts’ expectations of $248.65 million. Endava had a return on equity of 1.10% and a net margin of 0.92%. As a group, analysts forecast that Endava will post 0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Endava

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mawer Investment Management Ltd. raised its holdings in shares of Endava by 613.0% during the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock valued at $30,610,000 after purchasing an additional 1,030,403 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc raised its stake in Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock valued at $6,279,000 after buying an additional 19,669 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Endava during the 2nd quarter valued at $941,000. Horrell Capital Management Inc. boosted its stake in shares of Endava by 76.5% in the 3rd quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock worth $3,831,000 after buying an additional 65,000 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Endava by 64.5% in the second quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock worth $16,697,000 after acquiring an additional 223,964 shares during the period. 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.