Endava plc (NYSE:DAVA) Receives $39.10 Average Price Target from Analysts

Endava plc (NYSE:DAVA) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $39.10.

A number of brokerages have recently issued reports on DAVA. Needham & Company LLC dropped their price objective on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Susquehanna dropped their price target on shares of Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Friday, February 21st. Finally, Morgan Stanley lifted their price objective on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after purchasing an additional 331 shares during the last quarter. Precision Wealth Strategies LLC boosted its position in shares of Endava by 4.5% in the fourth quarter. Precision Wealth Strategies LLC now owns 8,954 shares of the company’s stock valued at $277,000 after acquiring an additional 383 shares during the period. Assetmark Inc. boosted its position in shares of Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after acquiring an additional 475 shares during the period. GAMMA Investing LLC grew its stake in shares of Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after acquiring an additional 786 shares during the period. 62.23% of the stock is owned by institutional investors.

Endava Stock Performance

Shares of DAVA opened at $19.54 on Tuesday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 177.59, a PEG ratio of 2.26 and a beta of 1.42. Endava has a 12 month low of $19.28 and a 12 month high of $38.05. The firm has a fifty day simple moving average of $27.08 and a 200 day simple moving average of $27.74. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21.

Endava (NYSE:DAVA) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). The business had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. Endava had a return on equity of 0.89% and a net margin of 0.74%. Research analysts forecast that Endava will post 0.57 EPS for the current fiscal year.

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.