Endava (NYSE:DAVA) Raised to “Hold” at Wall Street Zen

by · The Markets Daily

Endava (NYSE:DAVA – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently weighed in on the company. Morgan Stanley cut their price target on Endava from $11.00 to $8.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th. William Blair downgraded Endava from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th. Zacks Research raised Endava from a “strong sell” rating to a “hold” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d)” rating on shares of Endava in a research note on Wednesday, October 8th. Finally, Cowen reaffirmed a “hold” rating on shares of Endava in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.43.

Check Out Our Latest Stock Analysis on DAVA

Endava Stock Up 0.2%

DAVA stock opened at $6.60 on Friday. The stock has a market cap of $371.04 million, a PE ratio of 33.01 and a beta of 1.30. The firm’s 50-day simple moving average is $7.76 and its 200 day simple moving average is $11.24. Endava has a fifty-two week low of $6.02 and a fifty-two week high of $34.94. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.34.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Endava by 36.7% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,198,846 shares of the company’s stock worth $120,939,000 after acquiring an additional 1,665,735 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its stake in shares of Endava by 100.3% in the 3rd quarter. Prescott Group Capital Management L.L.C. now owns 1,216,354 shares of the company’s stock worth $11,069,000 after purchasing an additional 609,215 shares during the last quarter. UBS Group AG grew its stake in shares of Endava by 128.4% in the 3rd quarter. UBS Group AG now owns 756,082 shares of the company’s stock worth $6,880,000 after purchasing an additional 425,106 shares during the last quarter. Paradice Investment Management LLC raised its holdings in shares of Endava by 29.2% in the 2nd quarter. Paradice Investment Management LLC now owns 1,565,860 shares of the company’s stock worth $23,989,000 after purchasing an additional 353,587 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its stake in Endava by 35.6% during the second quarter. Alberta Investment Management Corp now owns 1,288,334 shares of the company’s stock valued at $19,737,000 after purchasing an additional 338,334 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava Company Profile

(Get Free Report)

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.

See Also