Endava plc (NYSE:DAVA) Receives Average Recommendation of “Moderate Buy” from Analysts

Endava plc (NYSE:DAVA) has been assigned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $39.10.

A number of research firms have recently commented on DAVA. Needham & Company LLC reduced their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 21st. Morgan Stanley raised their price target on shares of Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Finally, Susquehanna lowered their price objective on Endava from $55.00 to $50.00 and set a “positive” rating on the stock in a research note on Friday, February 21st.

Institutional Investors Weigh In On Endava

Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. boosted its stake in Endava by 93.1% in the fourth quarter. Assetmark Inc. now owns 985 shares of the company’s stock worth $30,000 after purchasing an additional 475 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Endava by 28.5% in the fourth quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after buying an additional 331 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after buying an additional 786 shares in the last quarter. GAMMA Investing LLC grew its holdings in Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock worth $50,000 after acquiring an additional 745 shares during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new stake in Endava in the 4th quarter valued at about $100,000. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Trading Down 3.6 %

Endava stock opened at $20.81 on Tuesday. The business has a 50 day moving average price of $28.19 and a two-hundred day moving average price of $28.14. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava has a 12 month low of $20.50 and a 12 month high of $39.19. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 189.21, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42.

Endava (NYSE:DAVA) last issued its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.18). Endava had a net margin of 0.74% and a return on equity of 0.89%. The firm had revenue of $250.63 million during the quarter, compared to analyst estimates of $197.33 million. As a group, equities analysts forecast that Endava will post 0.57 EPS for the current year.

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.