Endava PLC – (NYSE:DAVA) Receives Average Recommendation of “Hold” from Analysts

Shares of Endava PLC – (NYSE:DAVA) have been given an average rating of “Hold” by the eight research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $40.88.

Several research analysts have recently commented on DAVA shares. Citigroup decreased their price objective on Endava from $44.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, September 27th. Zacks Investment Research cut shares of Endava from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Deutsche Bank raised their target price on shares of Endava from $36.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. ValuEngine downgraded shares of Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Needham & Company LLC started coverage on shares of Endava in a research report on Friday. They set a “buy” rating and a $46.00 price objective on the stock.

DAVA opened at $39.89 on Monday. Endava has a 1-year low of $21.42 and a 1-year high of $43.93. The company has a market capitalization of $2.11 billion, a PE ratio of 40.29, a PEG ratio of 2.57 and a beta of 0.74. The firm’s 50 day simple moving average is $38.13 and its two-hundred day simple moving average is $36.16.

Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Endava by 333.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,722,012 shares of the company’s stock valued at $69,294,000 after acquiring an additional 1,324,543 shares during the last quarter. Bamco Inc. NY grew its holdings in Endava by 262.1% during the 2nd quarter. Bamco Inc. NY now owns 1,397,732 shares of the company’s stock valued at $56,245,000 after purchasing an additional 1,011,684 shares during the last quarter. Wasatch Advisors Inc. grew its stake in shares of Endava by 341.8% during the second quarter. Wasatch Advisors Inc. now owns 716,326 shares of the company’s stock valued at $28,825,000 after buying an additional 554,197 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its stake in shares of Endava by 119.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 625,911 shares of the company’s stock valued at $25,187,000 after buying an additional 340,825 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Endava by 38.9% during the second quarter. BlackRock Inc. now owns 667,162 shares of the company’s stock valued at $26,846,000 after buying an additional 186,862 shares during the last quarter. Hedge funds and other institutional investors own 27.28% of the company’s stock.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

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Analyst Recommendations for Endava (NYSE:DAVA)

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