Endava PLC Sponsored ADR (NYSE:DAVA) Stock Has Average Price Target of $5.36

Shares of Endava PLC Sponsored ADR (NYSE:DAVA) have been given a consensus rating of “Reduce” by the nine ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.36.

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Endava from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Tuesday, September 22nd. TD Cowen reiterated a “hold” rating and set a $3.50 price target on shares of Endava in a research note on Tuesday, September 22nd. William Blair lowered Endava from a “market perform” rating to an “underperform” rating in a report on Tuesday, September 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Endava in a research note on Tuesday, September 8th. Finally, Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th.

Hedge Funds Weigh In On Endava

Large investors have recently bought and sold shares of the stock. CDAM UK Ltd grew its stake in shares of Endava by 28.2% in the 4th quarter. CDAM UK Ltd now owns 2,979,658 shares of the company’s stock worth $18,831,000 after acquiring an additional 655,078 shares in the last quarter. Barometer Capital Management Inc. lifted its position in shares of Endava by 32.5% during the first quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company’s stock valued at $470,000 after purchasing an additional 26,080 shares in the last quarter. SmartHarvest Portfolios LLC bought a new position in shares of Endava during the first quarter valued at about $84,000. Alpine Global Management LLC purchased a new position in Endava during the fourth quarter worth about $87,000. Finally, Savant Capital LLC purchased a new position in Endava during the fourth quarter worth about $76,000. 62.23% of the stock is currently owned by institutional investors.

Endava Stock Performance

DAVA opened at $1.70 on Friday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.13. The company’s fifty day moving average price is $2.89 and its two-hundred day moving average price is $3.41. Endava has a 1-year low of $1.68 and a 1-year high of $9.88. The company has a market cap of $95.28 million, a price-to-earnings ratio of -0.16 and a beta of 1.03.

Endava Company Profile

Endava plc is a technology services company that helps organizations design, build and operate digital products and technology platforms. Its services include software engineering, cloud modernization, data and analytics, artificial intelligence, customer experience, cybersecurity and technology consulting.

The company works with clients across industries such as payments, banking, insurance, telecommunications, media, retail, mobility, healthcare and technology. Endava supports projects ranging from digital transformation and application development to platform modernization and ongoing technology operations.

Founded in 2000 and headquartered in London, Endava serves clients across Europe, North America, Latin America and the Asia-Pacific region.