Endava PLC Sponsored ADR (NYSE:DAVA) Stock Has Consensus Target Price of $5.42 According to Brokerages

Endava PLC Sponsored ADR (NYSE:DAVA) has been given a consensus rating of “Reduce” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $5.42.

A number of research analysts recently issued reports on DAVA shares. William Blair lowered Endava from a “market perform” rating to an “underperform” rating in a report on Tuesday, September 22nd. Deutsche Bank cut their price target on shares of Endava from $3.00 to $2.00 and set a “hold” rating for the company in a report on Tuesday, September 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Endava in a research report on Tuesday, September 8th. Needham & Company LLC dropped coverage on shares of Endava in a research note on Monday, October 12th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Endava from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th.

Institutional Trading of Endava

Several large investors have recently added to or reduced their stakes in DAVA. Prescott Group Capital Management L.L.C. boosted its position in Endava by 19.0% during the third quarter. Prescott Group Capital Management L.L.C. now owns 3,807,848 shares of the company’s stock valued at $6,816,000 after purchasing an additional 606,927 shares during the last quarter. Marshall Wace LLP grew its stake in Endava by 137.9% in the third quarter. Marshall Wace LLP now owns 737,983 shares of the company’s stock valued at $1,321,000 after purchasing an additional 427,802 shares in the last quarter. Headlands Technologies LLC purchased a new position in Endava in the third quarter valued at about $37,000. StoneX Group Inc. acquired a new position in Endava in the 3rd quarter worth about $40,000. Finally, Barometer Capital Management Inc. increased its position in Endava by 32.5% in the 1st quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company’s stock worth $470,000 after purchasing an additional 26,080 shares during the last quarter. 62.23% of the stock is owned by institutional investors and hedge funds.

Endava Stock Performance

Shares of DAVA traded down $0.06 during trading hours on Friday, reaching $1.47. 433,496 shares of the company’s stock traded hands, compared to its average volume of 263,542. Endava has a twelve month low of $1.46 and a twelve month high of $7.18. The business’s fifty day simple moving average is $2.08 and its two-hundred day simple moving average is $3.42. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $82.35 million, a price-to-earnings ratio of -0.14 and a beta of 1.07.

About Endava

Endava plc is a technology services company that helps organizations design, develop and manage digital products and systems. Its services include technology consulting, software and product engineering, cloud services, data and analytics, and intelligent automation. The company works with clients across industries such as financial services, payments, technology, media and telecommunications, consumer products, healthcare, and mobility. Its teams serve clients in the Americas, Europe and Asia-Pacific.