Endava (NYSE:DAVA) Hits New 52-Week Low – What’s Next?

Endava plc (NYSE:DAVA) reached a new 52-week low during trading on Thursday . The company traded as low as $20.50 and last traded at $20.41, with a volume of 6379 shares traded. The stock had previously closed at $20.56.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Morgan Stanley lifted their price objective on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Needham & Company LLC decreased their price objective on shares of Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Susquehanna lowered their price objective on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. 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.com, Endava has an average rating of “Moderate Buy” and an average target price of $39.10.

Endava Stock Up 1.7 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 190.09, a price-to-earnings-growth ratio of 2.26 and a beta of 1.42. The firm has a 50 day simple moving average of $27.78 and a two-hundred day simple moving average of $28.02.

Endava (NYSE:DAVA) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The firm had revenue of $250.63 million for the quarter, compared to the consensus estimate of $197.33 million. As a group, sell-side analysts expect that Endava plc will post 0.57 EPS for the current year.

Institutional Investors Weigh In On Endava

Several large investors have recently modified their holdings of the business. Assetmark Inc. increased its stake in Endava by 93.1% during the 4th 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. boosted 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 period. Quadrant Capital Group LLC increased its position in shares of Endava by 114.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock worth $46,000 after acquiring an additional 786 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Endava by 86.4% during the fourth 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 period. Finally, State of Tennessee Department of Treasury bought a new stake in Endava in the 4th quarter valued at $100,000. 62.23% of the stock is currently owned by institutional investors.

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.