Endava (NYSE:DAVA) PT Lowered to $55.00 at Susquehanna

Endava (NYSE:DAVA) had its target price reduced by Susquehanna from $66.00 to $55.00 in a research note issued to investors on Friday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

DAVA has been the topic of a number of other research reports. Guggenheim reduced their price objective on Endava from $55.00 to $45.00 and set a buy rating on the stock in a research note on Monday, September 16th. TD Cowen reduced their price objective on Endava from $46.00 to $42.00 and set a buy rating on the stock in a research note on Friday, May 24th. JPMorgan Chase & Co. boosted their price objective on Endava from $41.00 to $47.00 and gave the stock an overweight rating in a research note on Friday, September 6th. Needham & Company LLC reduced their price objective on Endava from $42.00 to $33.00 and set a buy rating on the stock in a research note on Friday. Finally, Wedbush reduced their price objective on Endava from $65.00 to $50.00 and set an outperform rating on the stock in a research note on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Endava presently has an average rating of Moderate Buy and a consensus target price of $42.31.

Endava Trading Down 3.8 %

Shares of Endava stock opened at $26.62 on Friday. Endava has a twelve month low of $24.51 and a twelve month high of $81.06. The stock has a market capitalization of $1.54 billion, a P/E ratio of 29.58 and a beta of 1.22. The business’s fifty day moving average price is $30.58 and its 200 day moving average price is $30.91.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Assetmark Inc. lifted its stake in shares of Endava by 47.8% in the fourth quarter. Assetmark Inc. now owns 510 shares of the company’s stock worth $40,000 after acquiring an additional 165 shares in the last quarter. Headlands Technologies LLC bought a new stake in Endava in the first quarter valued at about $49,000. Quadrant Capital Group LLC increased its holdings in Endava by 34.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock valued at $111,000 after buying an additional 368 shares during the last quarter. Wallace Advisory Group LLC bought a new stake in Endava in the first quarter valued at about $126,000. Finally, Brown Advisory Inc. bought a new stake in Endava in the fourth quarter valued at about $274,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.