Endava plc (NYSE:DAVA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Endava plc (NYSE:DAVA) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.91.

Several brokerages recently issued reports on DAVA. Guggenheim cut their price target on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. 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. Needham & Company LLC increased their price objective on shares of Endava from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. TD Cowen boosted their target price 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. Finally, Susquehanna dropped their price target on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th.

Institutional Investors Weigh In On Endava

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in Endava during the 3rd quarter valued at $30,000. Signaturefd LLC boosted its stake in Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after buying an additional 886 shares in the last quarter. Seven Eight Capital LP acquired a new position in Endava during the second quarter worth about $216,000. Precision Wealth Strategies LLC grew its holdings in Endava by 6.7% during the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after acquiring an additional 540 shares during the period. Finally, Strengthening Families & Communities LLC raised its position in Endava by 11.4% in the third quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after acquiring an additional 933 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Stock Up 0.1 %

DAVA stock opened at $26.15 on Wednesday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 186.79 and a beta of 1.21. Endava has a 1-year low of $23.28 and a 1-year high of $81.06. The firm has a fifty day moving average price of $26.56 and a two-hundred day moving average price of $28.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick 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 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 for the quarter, compared to the consensus estimate of $248.65 million. Research analysts predict that Endava will post 0.77 EPS for the current year.

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.