Endava (NYSE:DAVA) Given New $36.00 Price Target at TD Cowen

Endava (NYSE:DAVA) had its price target increased by TD Cowen from $35.00 to $36.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

DAVA has been the subject of a number of other reports. Guggenheim cut their price target on Endava from $45.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on shares of Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. Needham & Company LLC cut their price target on shares of Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Susquehanna decreased their price target on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Finally, Citigroup reduced their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.61.

Endava Stock Performance

Shares of DAVA stock opened at $29.42 on Wednesday. The stock’s fifty day simple moving average is $26.76 and its 200-day simple moving average is $28.54. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 210.14 and a beta of 1.21. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.23. Endava has a 1-year low of $23.28 and a 1-year high of $81.06.

Endava (NYSE:DAVA) last issued its earnings results 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 1.11%. The company had revenue of $245.30 million for the quarter, compared to analyst estimates of $248.65 million. On average, sell-side analysts predict that Endava will post 0.77 earnings per share for the current fiscal year.

Institutional Trading of Endava

A number of institutional investors and hedge funds have recently modified their holdings of DAVA. Blue Trust Inc. acquired a new stake in Endava in the third quarter worth $30,000. Headlands Technologies LLC bought a new position in Endava during the first quarter worth about $49,000. Signaturefd LLC grew its stake in Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after acquiring an additional 886 shares during the period. Seven Eight Capital LP bought a new position in shares of Endava during the 2nd quarter valued at about $216,000. Finally, Precision Wealth Strategies LLC grew its position 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 purchasing an additional 540 shares during the period. 62.23% of the stock is owned by institutional investors.

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.