Endava (NYSE:DAVA) PT Lowered to $55.00 at Susquehanna

Endava (NYSE:DAVA) had its price target cut by stock analysts at Susquehanna from $66.00 to $55.00 in a report released on Friday, Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 102.95% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Wedbush cut their price target on Endava from $65.00 to $50.00 and set an “outperform” rating on the stock in a report on Thursday, May 23rd. TD Cowen cut their price objective on Endava from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Redburn Atlantic initiated coverage on shares of Endava in a research report on Friday, May 24th. They set a “neutral” rating and a $33.10 target price for the company. Needham & Company LLC reduced their price target on Endava from $42.00 to $33.00 and set a “buy” rating for the company in a report on Friday. Finally, Guggenheim lowered their target price on shares of Endava from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.31.

Endava Trading Down 2.0 %

Shares of DAVA stock traded down $0.56 on Friday, reaching $27.10. 125,704 shares of the company’s stock were exchanged, compared to its average volume of 529,943. The stock has a market capitalization of $1.57 billion, a PE ratio of 30.11 and a beta of 1.22. Endava has a 52 week low of $24.51 and a 52 week high of $81.06. The company’s fifty day simple moving average is $30.67 and its 200 day simple moving average is $31.07.

Institutional Trading of Endava

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