Endava (NYSE:DAVA) Stock Keeps Buy Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Endava (NYSE:DAVA) in a report issued on Monday morning,Benzinga reports. They currently have a $5.00 target price on the stock.

A number of other analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Endava in a research report on Tuesday, September 8th. Zacks Research raised Endava from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reduced their price target on Endava from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Tuesday, September 22nd. William Blair downgraded Endava from a “market perform” rating to an “underperform” rating in a research note on Tuesday, September 22nd. Finally, TD Cowen reaffirmed a “hold” rating and set a $3.50 price target on shares of Endava in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $5.36.

Endava Trading Down 2.8%

Endava stock opened at $1.95 on Monday. The firm has a 50-day moving average of $2.69 and a 200-day moving average of $3.21. Endava has a one year low of $1.60 and a one year high of $9.88. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market cap of $109.83 million, a price-to-earnings ratio of -0.19 and a beta of 1.14.

Institutional Trading of Endava

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barometer Capital Management Inc. increased its stake in shares of Endava by 32.5% during the 1st quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company’s stock worth $470,000 after purchasing an additional 26,080 shares during the last quarter. SmartHarvest Portfolios LLC bought a new stake in shares of Endava in the 1st quarter valued at about $84,000. Finally, Alpine Global Management LLC bought a new stake in shares of Endava in the 4th quarter valued at about $87,000. 62.23% of the stock is owned by institutional investors.

Endava Company Profile

Endava plc is a technology services company that helps organizations design, develop and modernize digital products, platforms and business operations. Its services include digital strategy, software engineering, cloud and enterprise technology, data and artificial intelligence, customer experience, and technology consulting.

The company works with clients across industries including payments and financial services, telecommunications, media and technology, mobility, healthcare, retail and consumer products.