Endava plc (NYSE:DAVA – Get Free Report)’s share price fell 5.2% during mid-day trading on Monday after Guggenheim lowered their price target on the stock from $55.00 to $45.00. Guggenheim currently has a buy rating on the stock. Endava traded as low as $31.58 and last traded at $31.71. 290,165 shares changed hands during trading, a decline of 44% from the average session volume of 515,764 shares. The stock had previously closed at $33.45.
Other equities analysts have also issued research reports about the company. Wedbush decreased their price target on Endava from $65.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, May 23rd. JPMorgan Chase & Co. boosted their target price on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC reduced their price target on shares of Endava from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Redburn Atlantic assumed coverage on shares of Endava in a report on Friday, May 24th. They set a “neutral” rating and a $33.10 price target on the stock. Finally, TD Cowen dropped their price objective on shares of Endava from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, May 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.01.
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Endava Price Performance
The firm’s fifty day moving average is $30.71 and its 200-day moving average is $31.11. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 32.71 and a beta of 1.22.
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.
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