Endava plc (NYSE:DAVA) Short Interest Update

Endava plc (NYSE:DAVA) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,050,000 shares, a growth of 7.0% from the November 30th total of 981,100 shares. Based on an average trading volume of 492,400 shares, the days-to-cover ratio is currently 2.1 days.

Endava Stock Performance

Shares of Endava stock opened at $30.90 on Thursday. The stock has a market cap of $1.82 billion, a PE ratio of 220.71, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. Endava has a 12 month low of $23.28 and a 12 month high of $81.06. 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 has a fifty day simple moving average of $28.23 and a 200-day simple moving average of $28.65.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Susquehanna decreased their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. TD Cowen boosted their target price on Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Citigroup decreased 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, Bank of America began coverage on Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Endava presently has an average rating of “Moderate Buy” and a consensus target price of $39.83.

Hedge Funds Weigh In On Endava

Several institutional investors and hedge funds have recently bought and sold shares of the business. Precision Wealth Strategies LLC boosted its holdings 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 worth $219,000 after purchasing an additional 540 shares during the period. Signaturefd LLC increased its stake in shares of Endava by 84.1% in the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after acquiring an additional 886 shares during the last quarter. Strengthening Families & Communities LLC increased its stake 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 acquiring an additional 933 shares during the last quarter. Blue Trust Inc. acquired a new position in shares of Endava in the third quarter worth $30,000. Finally, HighTower Advisors LLC grew its stake in Endava by 11.7% in the third quarter. HighTower Advisors LLC now owns 15,143 shares of the company’s stock valued at $390,000 after purchasing an additional 1,592 shares in the last quarter. Hedge funds and other 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.