Endava plc (NYSE:DAVA) Receives $40.91 Average Price Target from Analysts

Shares of Endava plc (NYSE:DAVA) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $39.83.

A number of research firms recently issued reports on DAVA. Bank of America assumed coverage on shares of Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target on the stock. Guggenheim cut their target price on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Citigroup reduced their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. TD Cowen lifted their price objective on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. increased their target price on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th.

Institutional Trading of Endava

Several large investors have recently added to or reduced their stakes in DAVA. Mawer Investment Management Ltd. grew its position in Endava by 613.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after acquiring an additional 1,030,403 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of Endava by 8.7% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 245,772 shares of the company’s stock worth $6,279,000 after purchasing an additional 19,669 shares during the last quarter. XTX Topco Ltd purchased a new stake in Endava in the 2nd quarter valued at about $941,000. Horrell Capital Management Inc. lifted its position in Endava by 76.5% in the third quarter. Horrell Capital Management Inc. now owns 150,000 shares of the company’s stock valued at $3,831,000 after buying an additional 65,000 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its stake in Endava by 9.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 311,992 shares of the company’s stock worth $11,868,000 after buying an additional 27,797 shares during the period. 62.23% of the stock is currently owned by hedge funds and other institutional investors.

Endava Stock Down 0.7 %

DAVA opened at $28.79 on Wednesday. The company has a fifty day moving average of $26.09 and a two-hundred day moving average of $28.30. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 207.07 and a beta of 1.21. Endava has a fifty-two week low of $23.28 and a fifty-two week high of $81.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. Endava had a return on equity of 1.10% and a net margin of 0.92%. On average, research analysts expect that Endava will post 0.65 earnings per share for the current year.

About Endava

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.