Needham & Company LLC Issues Positive Forecast for Endava (NYSE:DAVA) Stock Price

Endava (NYSE:DAVA) had its price objective raised by Needham & Company LLC from $36.00 to $43.00 in a research note released on Friday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other analysts have also commented on the stock. Citigroup lowered their price objective on shares of Endava from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. TD Cowen lifted their price target on shares of Endava from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Bank of America began coverage on Endava in a report on Friday, November 22nd. They set a “neutral” rating and a $29.00 price objective for the company. Guggenheim dropped their price target on Endava from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, Susquehanna decreased their price objective on Endava from $66.00 to $55.00 and set a “positive” rating for the company in a report on Friday, September 20th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Endava presently has an average rating of “Moderate Buy” and an average target price of $40.46.

Endava Trading Up 0.0 %

Shares of Endava stock opened at $31.25 on Friday. The firm has a market cap of $1.84 billion, a PE ratio of 223.21, a P/E/G ratio of 2.16 and a beta of 1.22. Endava has a 1 year low of $23.28 and a 1 year high of $81.06. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a fifty day moving average price of $29.03 and a 200-day moving average price of $28.86.

Institutional Trading of Endava

Several institutional investors and hedge funds have recently modified their holdings of DAVA. Blue Trust Inc. bought a new position in shares of Endava in the third quarter worth approximately $30,000. Signaturefd LLC increased its holdings in shares of Endava by 84.1% in the 3rd quarter. Signaturefd LLC now owns 1,939 shares of the company’s stock worth $50,000 after buying an additional 886 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Endava by 86.4% during the 4th quarter. GAMMA Investing LLC now owns 1,607 shares of the company’s stock valued at $50,000 after buying an additional 745 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Endava during the 2nd quarter worth $216,000. Finally, Precision Wealth Strategies LLC grew its position in Endava by 6.7% in the third quarter. Precision Wealth Strategies LLC now owns 8,571 shares of the company’s stock worth $219,000 after acquiring an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

About Endava

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.