Guggenheim Initiates Coverage on Endava (NYSE:DAVA)

Analysts at Guggenheim started coverage on shares of Endava (NYSE:DAVAGet Free Report) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “buy” rating and a $60.00 price target on the stock. Guggenheim’s price objective would suggest a potential upside of 61.25% from the stock’s current price.

Several other analysts have also issued reports on the stock. Citigroup reiterated a “neutral” rating and set a $40.00 price target (down previously from $90.00) on shares of Endava in a research report on Friday, March 1st. Needham & Company LLC decreased their target price on shares of Endava from $70.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. JPMorgan Chase & Co. raised shares of Endava from a “neutral” rating to an “overweight” rating and set a $49.00 target price on the stock in a research note on Tuesday. Morgan Stanley cut shares of Endava from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $68.00 to $80.00 in a research note on Wednesday, January 24th. Finally, TD Cowen decreased their target price on shares of Endava from $85.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Endava presently has an average rating of “Moderate Buy” and a consensus price target of $60.78.

View Our Latest Report on DAVA

Endava Stock Up 1.7 %

Endava stock opened at $37.21 on Tuesday. The stock has a market cap of $2.15 billion, a P/E ratio of 25.66 and a beta of 1.10. Endava has a twelve month low of $35.25 and a twelve month high of $81.06. The company’s 50-day moving average price is $62.69 and its two-hundred day moving average price is $61.65.

Institutional Investors Weigh In On Endava

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in Endava by 433.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 480 shares of the company’s stock worth $39,000 after purchasing an additional 390 shares in the last quarter. Assetmark Inc. grew its position in Endava by 47.8% in the 4th quarter. Assetmark Inc. now owns 510 shares of the company’s stock worth $40,000 after purchasing an additional 165 shares in the last quarter. Quantbot Technologies LP bought a new stake in Endava in the 1st quarter worth about $88,000. Pinebridge Investments L.P. bought a new stake in Endava in the 2nd quarter worth about $36,000. Finally, Huntington National Bank grew its position in Endava by 369.3% in the 2nd quarter. Huntington National Bank now owns 826 shares of the company’s stock worth $43,000 after purchasing an additional 650 shares in the last quarter. 56.10% of the stock is owned by institutional investors.

Endava Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Endava (NYSE:DAVA)

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.