Brokerages Set Endava plc (NYSE:DAVA) Target Price at $39.10

Shares of Endava plc (NYSE:DAVA) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $39.10.

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

Endava Stock Performance

NYSE DAVA opened at $20.70 on Tuesday. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 188.18, a PEG ratio of 2.26 and a beta of 1.42. The stock has a 50-day moving average of $27.56 and a 200 day moving average of $27.97. 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 has a twelve month low of $20.38 and a twelve month high of $38.42.

Endava (NYSE:DAVA) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). The company 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%. Sell-side analysts anticipate that Endava will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Endava

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in Endava by 28.5% in the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after buying an additional 331 shares during the period. Precision Wealth Strategies LLC increased its position in shares of Endava by 4.5% during 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 last quarter. Assetmark Inc. raised its stake in shares of Endava by 93.1% in the 4th 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 raised its stake in shares of Endava by 86.4% in the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Endava by 114.2% in the 4th 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 last quarter. Hedge funds and other 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.