Endava (NYSE:DAVA) Given New $27.00 Price Target at Citigroup

Endava (NYSE:DAVA) had its target price cut by Citigroup from $30.00 to $27.00 in a report issued on Monday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently issued reports on DAVA. Guggenheim cut their target price on Endava from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, September 16th. Susquehanna dropped their price objective on shares of Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. boosted their target price on shares of Endava from $41.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Finally, Needham & Company LLC dropped their price target on shares of Endava from $42.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.71.

Endava Trading Down 0.9 %

Shares of DAVA opened at $24.60 on Monday. The firm’s fifty day moving average is $28.16 and its two-hundred day moving average is $28.94. The stock has a market cap of $1.42 billion, a PE ratio of 27.33 and a beta of 1.21. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.23. Endava has a 52-week low of $23.28 and a 52-week high of $81.06.

Endava (NYSE:DAVA) last released its quarterly earnings data on Thursday, September 19th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.13). The business had revenue of $245.30 million during the quarter, compared to analyst estimates of $248.65 million. Endava had a net margin of 2.30% and a return on equity of 2.76%. Research analysts forecast that Endava will post 0.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Endava

Several institutional investors and hedge funds have recently modified their holdings of DAVA. Wasatch Advisors LP grew its position in Endava by 2.0% in the 1st quarter. Wasatch Advisors LP now owns 1,262,478 shares of the company’s stock valued at $48,025,000 after acquiring an additional 24,699 shares in the last quarter. Paradice Investment Management LLC acquired a new position in shares of Endava in the second quarter valued at approximately $18,695,000. Millennium Management LLC increased its stake in Endava by 64.5% during the 2nd quarter. Millennium Management LLC now owns 571,021 shares of the company’s stock worth $16,697,000 after buying an additional 223,964 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in Endava by 9.8% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 311,992 shares of the company’s stock worth $11,868,000 after buying an additional 27,797 shares in the last quarter. Finally, Norden Group LLC lifted its holdings in Endava by 2,587.6% during the 1st quarter. Norden Group LLC now owns 219,254 shares of the company’s stock worth $8,340,000 after buying an additional 211,096 shares in the last quarter. Hedge funds and other institutional investors 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.