Endava plc (NYSE:DAVA) Given Average Rating of “Moderate Buy” by Analysts

Endava plc (NYSE:DAVA) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $40.01.

DAVA has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price target on Endava from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Citigroup lowered their target price on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Bank of America assumed coverage on shares of Endava in a research note on Friday, November 22nd. They issued a “neutral” rating and a $29.00 price target on the stock. Morgan Stanley lifted their price target on shares of Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, TD Cowen increased their price objective on shares of Endava from $35.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Institutional Trading of Endava

Several institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in Endava by 36.5% during the second quarter. Squarepoint Ops LLC now owns 10,322 shares of the company’s stock valued at $302,000 after acquiring an additional 2,759 shares during the last quarter. Millennium Management LLC boosted its position in shares of Endava by 64.5% during the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock valued at $16,697,000 after purchasing an additional 223,964 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Endava during the second quarter worth approximately $263,000. Handelsbanken Fonder AB increased its holdings in Endava by 78.3% in the third quarter. Handelsbanken Fonder AB now owns 14,800 shares of the company’s stock worth $378,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Blue Trust Inc. bought a new stake in Endava in the third quarter worth approximately $30,000. 62.23% of the stock is currently owned by institutional investors.

Endava Stock Performance

NYSE DAVA opened at $33.57 on Monday. Endava has a 1 year low of $23.28 and a 1 year high of $72.98. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 239.79, a P/E/G ratio of 2.69 and a beta of 1.22. 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 firm’s 50 day simple moving average is $31.11 and its 200 day simple moving average is $29.16.

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.