Endava plc (NYSE:DAVA) Receives $39.83 Consensus Target Price from Analysts

Endava plc (NYSE:DAVA) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat 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 brokerages that have issued a report on the stock in the last year is $39.83.

A number of brokerages have commented on DAVA. Guggenheim decreased their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Needham & Company LLC upped their price target on Endava from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup decreased their price target on Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Susquehanna dropped their price objective on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, September 6th.

Endava Stock Up 2.0 %

Shares of DAVA opened at $30.82 on Friday. Endava has a 52 week low of $23.28 and a 52 week high of $81.06. The firm has a market capitalization of $1.82 billion, a P/E ratio of 220.14, a P/E/G ratio of 2.16 and a beta of 1.24. The company has a 50-day simple moving average of $26.98 and a 200-day simple moving average of $28.27. 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 announced its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). Endava had a net margin of 0.92% and a return on equity of 1.10%. The business had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. On average, equities research analysts expect that Endava will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Endava

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. bought a new stake in Endava during the third quarter worth about $30,000. Signaturefd LLC increased its position in shares of Endava by 84.1% during the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after purchasing an additional 886 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Endava during the 2nd quarter worth approximately $216,000. Precision Wealth Strategies LLC boosted its holdings in shares of Endava by 6.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock valued at $219,000 after buying an additional 540 shares during the last quarter. Finally, Strengthening Families & Communities LLC grew its stake in shares of Endava by 11.4% in the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock valued at $233,000 after buying an additional 933 shares in the last quarter. 62.23% of the stock is owned by institutional investors.

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.