Endava (NYSE:DAVA) Now Covered by Analysts at Bank of America

Bank of America began coverage on shares of Endava (NYSE:DAVA) in a research report sent to investors on Friday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $29.00 price target on the stock.

A number of other research firms also recently commented on DAVA. TD Cowen boosted their target price on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Needham & Company LLC increased their target price on Endava from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Citigroup reduced their price target on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Guggenheim lowered their price objective on shares of Endava from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Susquehanna reduced their target price on shares of Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a report on Friday, September 20th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Endava presently has a consensus rating of “Moderate Buy” and an average price target of $39.83.

Endava Trading Up 1.1 %

DAVA stock opened at $28.99 on Friday. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 204.79 and a beta of 1.21. 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 has a 1-year low of $23.28 and a 1-year high of $81.06. The business has a 50 day simple moving average of $26.15 and a two-hundred day simple moving average of $28.32.

Endava (NYSE:DAVA) last posted its earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.13). The company had revenue of $245.30 million for the quarter, compared to analysts’ expectations of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. Research analysts anticipate that Endava will post 0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Endava

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. purchased a new position in Endava during the 3rd quarter valued at $30,000. Signaturefd LLC lifted its position in shares of Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after purchasing an additional 886 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Endava during the second quarter worth $216,000. Precision Wealth Strategies LLC boosted its stake in shares of Endava by 6.7% during the third 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. Finally, Strengthening Families & Communities LLC grew its holdings in shares of 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 purchasing an additional 933 shares during the last quarter. 62.23% of the stock is currently owned by hedge funds and other 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.