Endava plc (NYSE:DAVA) Receives Average Rating of “Moderate Buy” from Brokerages

Endava plc (NYSE:DAVA) has been given a consensus rating of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $37.31.

A number of equities analysts have recently commented on the company. Guggenheim dropped their target price on Endava from $40.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley lifted their target price on Endava from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Susquehanna dropped their target price on Endava from $55.00 to $50.00 and set a “positive” rating for the company in a report on Friday, February 21st. Finally, Needham & Company LLC dropped their target price on Endava from $43.00 to $38.00 and set a “buy” rating for the company in a report on Friday, February 21st.

Hedge Funds Weigh In On Endava

A number of large investors have recently bought and sold shares of DAVA. Assetmark Inc. boosted its holdings in Endava by 93.1% during the 4th quarter. Assetmark Inc. now owns 985 shares of the company’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Blue Trust Inc. boosted its holdings in Endava by 28.5% during the 4th quarter. Blue Trust Inc. now owns 1,494 shares of the company’s stock valued at $46,000 after acquiring an additional 331 shares during the period. Quadrant Capital Group LLC boosted its holdings in Endava by 114.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,474 shares of the company’s stock valued at $46,000 after acquiring an additional 786 shares during the period. GAMMA Investing LLC boosted its holdings in Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after acquiring an additional 745 shares during the period. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Endava in the 4th quarter worth $100,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava Stock Performance

NYSE:DAVA opened at $21.40 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. Endava has a 1 year low of $16.60 and a 1 year high of $34.94. The stock’s 50 day simple moving average is $19.44 and its two-hundred day simple moving average is $25.95. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 194.55, a PEG ratio of 2.26 and a beta of 1.25.

Endava (NYSE:DAVA) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $197.33 million. As a group, equities analysts anticipate that Endava will post 0.57 earnings per share for the current fiscal year.

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.