Endava plc (NYSE:DAVA) Given Consensus Rating of “Moderate Buy” by Brokerages

Endava plc (NYSE:DAVA) has earned an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $39.83.

A number of equities analysts recently commented on the stock. Bank of America began coverage on shares of Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 price target for the company. JPMorgan Chase & Co. upped their target price on Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. 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. Guggenheim cut their price objective on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Susquehanna reduced their target price on Endava from $66.00 to $55.00 and set a “positive” rating on the stock in a research note on Friday, September 20th.

Institutional Investors Weigh In On Endava

Several hedge funds have recently modified their holdings of the business. Blue Trust Inc. purchased a new stake in shares of Endava during the 3rd quarter worth $30,000. Signaturefd LLC lifted its position in shares of Endava by 84.1% during the third quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock valued at $50,000 after buying an additional 886 shares during the last quarter. Seven Eight Capital LP bought a new stake in shares of Endava in the 2nd quarter valued at about $216,000. Precision Wealth Strategies LLC grew its position in shares of Endava by 6.7% in the 3rd quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after buying an additional 540 shares during the last quarter. Finally, Strengthening Families & Communities LLC raised its stake in shares of Endava by 11.4% during the 3rd quarter. Strengthening Families & Communities LLC now owns 9,116 shares of the company’s stock worth $233,000 after acquiring an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Stock Down 1.6 %

Shares of NYSE DAVA opened at $30.00 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.21. Endava has a 12-month low of $23.28 and a 12-month high of $81.06. The firm’s 50-day moving average price is $26.86 and its 200-day moving average price is $28.25. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 214.29, a P/E/G ratio of 2.16 and a beta of 1.24.

Endava (NYSE:DAVA) last issued its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The company had revenue of $245.30 million for the quarter, compared to analysts’ expectations of $248.65 million. Endava had a net margin of 0.92% and a return on equity of 1.10%. On average, equities research analysts anticipate that Endava will post 0.65 EPS for the current fiscal 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.