Needham & Company LLC Increases Endava (NYSE:DAVA) Price Target to $43.00

Endava (NYSE:DAVA) had its price target hoisted by analysts at Needham & Company LLC from $36.00 to $43.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 37.60% from the stock’s current price.

A number of other equities research analysts have also recently commented on DAVA. 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 report on Monday, October 28th. Bank of America began coverage on shares of Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price objective for the company. Susquehanna reduced their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Guggenheim dropped their price target on shares of Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, TD Cowen raised their price target on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Endava has a consensus rating of “Moderate Buy” and an average price target of $40.46.

Endava Trading Up 0.0 %

NYSE:DAVA opened at $31.25 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 223.21, a PEG ratio of 2.16 and a beta of 1.22. The firm has a fifty day simple moving average of $29.18 and a two-hundred day simple moving average of $28.88. Endava has a 12 month low of $23.28 and a 12 month high of $81.06.

Institutional Trading of Endava

Several hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. purchased a new position in shares of Endava in the third quarter worth about $30,000. Signaturefd LLC increased its stake in shares of Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after purchasing an additional 886 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Endava by 86.4% in the fourth quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after purchasing an additional 745 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Endava in the second quarter worth about $216,000. Finally, Precision Wealth Strategies LLC increased its stake in shares of Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after purchasing an additional 540 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

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.