Endava (NYSE:DAVA) Price Target Cut to $55.00

Endava (NYSE:DAVA) had its price target decreased by analysts at Susquehanna from $66.00 to $55.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective points to a potential upside of 106.61% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Guggenheim lowered their price objective on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, September 16th. Wedbush dropped their price target on Endava from $65.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. JPMorgan Chase & Co. increased their price objective on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC dropped their target price on Endava from $42.00 to $33.00 and set a “buy” rating on the stock in a report on Friday. Finally, Redburn Atlantic started coverage on Endava in a research note on Friday, May 24th. They set a “neutral” rating and a $33.10 price target for the company. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.31.

Endava Trading Down 3.8 %

Shares of DAVA opened at $26.62 on Friday. The company’s 50 day simple moving average is $30.58 and its 200-day simple moving average is $30.95. The firm has a market cap of $1.54 billion, a PE ratio of 29.58 and a beta of 1.22. Endava has a 12-month low of $24.51 and a 12-month high of $81.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. boosted its position in shares of Endava by 47.8% during the 4th quarter. Assetmark Inc. now owns 510 shares of the company’s stock worth $40,000 after purchasing an additional 165 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Endava during the first quarter worth about $49,000. Quadrant Capital Group LLC grew its position in Endava by 34.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock worth $111,000 after buying an additional 368 shares during the period. Wallace Advisory Group LLC purchased a new position in Endava in the first quarter valued at about $126,000. Finally, Equitable Trust Co. lifted its position in shares of Endava by 21.3% during the 1st quarter. Equitable Trust Co. now owns 5,566 shares of the company’s stock valued at $212,000 after acquiring an additional 979 shares during the period. 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.