Brokerages Set Endava PLC Sponsored ADR (NYSE:DAVA) PT at $16.43

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have received an average recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $16.4286.

A number of research analysts recently weighed in on the stock. Guggenheim decreased their target price on shares of Endava from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a report on Friday. Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. William Blair downgraded Endava from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th. Finally, Needham & Company LLC lowered their price target on Endava from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th.

Institutional Trading of Endava

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Endava by 81.0% in the 2nd quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock valued at $26,000 after acquiring an additional 753 shares during the period. Advisory Services Network LLC acquired a new stake in Endava in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its holdings in Endava by 733.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after purchasing an additional 1,680 shares during the period. Perennial Advisors LLC bought a new position in Endava during the fourth quarter worth about $63,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Endava during the third quarter worth approximately $99,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava Price Performance

Shares of DAVA opened at $6.99 on Monday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34. Endava has a twelve month low of $6.02 and a twelve month high of $34.94. The stock has a market capitalization of $392.91 million, a P/E ratio of 34.95 and a beta of 1.24. The company has a 50 day moving average of $6.56 and a 200-day moving average of $9.48.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.