Susquehanna Cuts Endava (NYSE:DAVA) Price Target to $50.00

Endava (NYSE:DAVA) had its price target decreased by Susquehanna from $55.00 to $50.00 in a research report released on Friday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities analysts have also issued reports on the stock. Bank of America initiated coverage on shares of Endava in a research report on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price on the stock. Needham & Company LLC reduced their target price on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley boosted their price objective on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Guggenheim lowered their price target on Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, TD Cowen boosted their price objective on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.10.

Endava Stock Performance

Shares of DAVA opened at $26.06 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 236.91, a PEG ratio of 2.26 and a beta of 1.22. The company has a 50-day moving average of $31.65 and a two-hundred day moving average of $29.27. Endava has a one year low of $23.28 and a one year high of $68.58.

Endava (NYSE:DAVA) last issued its quarterly earnings data 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). Endava had a net margin of 0.74% and a return on equity of 0.89%. The business had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. On average, equities research analysts expect that Endava will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DAVA. Assetmark Inc. grew its holdings in shares of Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Endava in the third quarter valued at approximately $30,000. Quadrant Capital Group LLC increased its position in Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after purchasing an additional 786 shares during the period. GAMMA Investing LLC increased its position in Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after purchasing an additional 745 shares during the period. Finally, Signaturefd LLC boosted its holdings 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 buying an additional 886 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.