Brokerages Set Endava PLC – (NYSE:DAVA) Target Price at $30.88
Shares of Endava PLC – (NYSE:DAVA) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $30.88.
Several analysts have issued reports on the stock. KeyCorp dropped their price target on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Zacks Investment Research lowered shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Finally, Morgan Stanley dropped their price target on shares of Pure Storage from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 22nd.
Shares of DAVA stock traded down $0.88 during trading on Friday, reaching $38.99. The company’s stock had a trading volume of 28,310 shares, compared to its average volume of 82,398. The firm’s fifty day moving average is $38.85. The stock has a market capitalization of $2.11 billion and a P/E ratio of 54.92. Endava has a one year low of $21.13 and a one year high of $43.93.
A number of hedge funds and other institutional investors have recently bought and sold shares of DAVA. Marshall Wace North America L.P. bought a new stake in Endava during the first quarter worth $162,000. Pendal Group Ltd raised its position in shares of Endava by 19.4% in the first quarter. Pendal Group Ltd now owns 17,566 shares of the company’s stock valued at $483,000 after purchasing an additional 2,856 shares during the period. Davy Asset Management Ltd bought a new position in shares of Endava in the second quarter valued at about $618,000. Marshall Wace LLP raised its position in shares of Endava by 52.6% in the first quarter. Marshall Wace LLP now owns 45,007 shares of the company’s stock valued at $1,238,000 after purchasing an additional 15,519 shares during the period. Finally, MYDA Advisors LLC bought a new position in shares of Endava in the first quarter valued at about $1,430,000. 13.74% of the stock is currently owned by hedge funds and other institutional investors.
Endava Company Profile
Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.
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