Needham & Company LLC started coverage on shares of Endava (NYSE:DAVA) in a research report released on Friday, Briefing.com Automated Import reports. The firm issued a buy rating and a $46.00 target price on the stock.

Several other analysts have also issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Endava in a report on Thursday, October 10th. They issued a neutral rating and a $39.00 price objective on the stock. Citigroup reduced their price objective on shares of Endava from $44.00 to $42.00 and set a neutral rating on the stock in a report on Friday, September 27th. Zacks Investment Research lowered shares of Endava from a hold rating to a sell rating in a research note on Tuesday, October 1st. ValuEngine lowered shares of Endava from a hold rating to a sell rating in a research note on Wednesday, October 2nd. Finally, Deutsche Bank boosted their price target on shares of Endava from $36.00 to $43.00 and gave the stock a hold rating in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $39.89.

Shares of DAVA opened at $41.42 on Friday. The firm has a market cap of $2.11 billion, a P/E ratio of 41.84, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74. Endava has a 12-month low of $21.42 and a 12-month high of $43.93. The company’s 50-day moving average price is $38.28 and its 200 day moving average price is $36.35.

A number of large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its stake in shares of Endava by 333.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,722,012 shares of the company’s stock worth $69,294,000 after buying an additional 1,324,543 shares during the period. Bamco Inc. NY increased its stake in shares of Endava by 262.1% during the second quarter. Bamco Inc. NY now owns 1,397,732 shares of the company’s stock worth $56,245,000 after buying an additional 1,011,684 shares during the period. Wasatch Advisors Inc. increased its stake in shares of Endava by 341.8% during the second quarter. Wasatch Advisors Inc. now owns 716,326 shares of the company’s stock worth $28,825,000 after buying an additional 554,197 shares during the period. BlackRock Inc. increased its stake in shares of Endava by 38.9% during the second quarter. BlackRock Inc. now owns 667,162 shares of the company’s stock worth $26,846,000 after buying an additional 186,862 shares during the period. Finally, Grandeur Peak Global Advisors LLC increased its stake in shares of Endava by 119.6% during the second quarter. Grandeur Peak Global Advisors LLC now owns 625,911 shares of the company’s stock worth $25,187,000 after buying an additional 340,825 shares during the period. Institutional investors own 27.28% of the company’s stock.

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.

Featured Story: How Investors Can Profit from Options Trading

Analyst Recommendations for Endava (NYSE:DAVA)

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.