JPMorgan Chase & Co. Cuts Endava (NYSE:DAVA) Price Target to $10.00

Endava (NYSE:DAVA) had its price target cut by JPMorgan Chase & Co. from $13.00 to $10.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently weighed in on the company. Guggenheim reduced their price target on Endava from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Endava in a research note on Wednesday, October 8th. Zacks Research raised shares of Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Needham & Company LLC decreased their target price on shares of Endava from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Endava from $17.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

Endava Price Performance

Shares of DAVA opened at $6.54 on Wednesday. The business’s 50-day moving average is $8.96 and its two-hundred day moving average is $12.82. The company has a market capitalization of $367.78 million, a P/E ratio of 32.72 and a beta of 1.18. Endava has a fifty-two week low of $6.52 and a fifty-two week high of $34.94. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 2.32.

Institutional Investors Weigh In On Endava

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in Endava in the 1st quarter worth $25,000. GAMMA Investing LLC lifted its holdings in Endava by 81.0% during the second quarter. GAMMA Investing LLC now owns 1,683 shares of the company’s stock valued at $26,000 after purchasing an additional 753 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after purchasing an additional 1,680 shares during the period. State of Wyoming increased its stake in shares of Endava by 112.7% during the first quarter. State of Wyoming now owns 2,367 shares of the company’s stock worth $46,000 after purchasing an additional 1,254 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Endava by 23.5% during the first quarter. Smartleaf Asset Management LLC now owns 3,620 shares of the company’s stock worth $72,000 after purchasing an additional 689 shares in the last quarter. 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.