Analysts Set Endava plc (NYSE:DAVA) Target Price at $39.83

Shares of Endava plc (NYSE:DAVA) have earned a consensus recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $39.83.

A number of research analysts recently commented on the stock. TD Cowen upped their price target 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. Needham & Company LLC upped 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. Bank of America assumed coverage on Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target for the company. Citigroup reduced their price target on Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Finally, Susquehanna dropped their target price on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th.

Endava Price Performance

Shares of NYSE DAVA opened at $30.82 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $26.98 and its two-hundred day moving average price is $28.27. The company has a market cap of $1.82 billion, a PE ratio of 220.14, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. Endava has a twelve month low of $23.28 and a twelve month high of $81.06.

Endava (NYSE:DAVA) last announced its quarterly earnings results on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $248.65 million. On average, analysts predict that Endava will post 0.65 EPS for the current year.

Institutional Trading of Endava

A number of institutional investors and hedge funds have recently made changes to their positions in DAVA. Wasatch Advisors LP boosted its stake in Endava by 6.7% in the third quarter. Wasatch Advisors LP now owns 1,578,646 shares of the company’s stock valued at $40,319,000 after buying an additional 98,875 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Endava by 613.0% in the third quarter. Mawer Investment Management Ltd. now owns 1,198,500 shares of the company’s stock worth $30,610,000 after acquiring an additional 1,030,403 shares during the last quarter. FMR LLC boosted its stake in shares of Endava by 1.4% in the 3rd quarter. FMR LLC now owns 952,515 shares of the company’s stock valued at $24,327,000 after purchasing an additional 13,106 shares in the last quarter. Fourth Sail Capital LP grew its holdings in shares of Endava by 36.2% during the 3rd quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after purchasing an additional 247,418 shares during the last quarter. Finally, DF Dent & Co. Inc. increased its position in Endava by 2.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 777,108 shares of the company’s stock worth $19,847,000 after purchasing an additional 18,882 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.