Endava PLC Sponsored ADR (NYSE:DAVA) Given Average Rating of “Hold” by Brokerages

Endava PLC Sponsored ADR (NYSE:DAVA) has received a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $16.4286.

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. JPMorgan Chase & Co. lowered their price target on shares of Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. William Blair downgraded shares of Endava from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th. Zacks Research raised shares of Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Finally, Cowen reiterated a “hold” rating on shares of Endava in a research report on Friday, September 5th.

Endava Stock Down 0.9%

Shares of DAVA opened at $6.56 on Thursday. The business’s fifty day moving average price is $7.33 and its two-hundred day moving average price is $10.53. The firm has a market capitalization of $368.85 million, a price-to-earnings ratio of 32.81 and a beta of 1.30. Endava has a 52 week low of $6.02 and a 52 week high of $34.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.18.

Hedge Funds Weigh In On Endava

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new position in shares of Endava during the 1st quarter worth about $25,000. GAMMA Investing LLC raised its position in shares of Endava by 81.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock valued at $26,000 after acquiring an additional 753 shares during the period. Advisory Services Network LLC bought a new position in Endava during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its holdings in Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the period. Finally, State of Wyoming grew its holdings in Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company’s stock valued at $46,000 after purchasing an additional 1,254 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.