Susquehanna Cuts Endava (NYSE:DAVA) Price Target to $55.00

Endava (NYSE:DAVA) had its price objective decreased by Susquehanna from $66.00 to $55.00 in a research note released on Friday, Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other brokerages have also issued reports on DAVA. Guggenheim cut their price target on shares of Endava from $55.00 to $45.00 and set a buy rating on the stock in a report on Monday, September 16th. Wedbush cut their target price on Endava from $65.00 to $50.00 and set an outperform rating on the stock in a research note on Thursday, May 23rd. Redburn Atlantic initiated coverage on Endava in a research report on Friday, May 24th. They set a neutral rating and a $33.10 price target for the company. TD Cowen cut their price objective on Endava from $46.00 to $42.00 and set a buy rating on the stock in a research report on Friday, May 24th. Finally, JPMorgan Chase & Co. boosted their target price on Endava from $41.00 to $47.00 and gave the company an overweight rating in a research note on Friday, September 6th. Three research 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 currently has an average rating of Moderate Buy and a consensus target price of $42.31.

Endava Stock Performance

Shares of DAVA stock opened at $26.51 on Friday. Endava has a fifty-two week low of $24.51 and a fifty-two week high of $81.06. The company has a market capitalization of $1.53 billion, a P/E ratio of 29.46 and a beta of 1.22. The stock has a 50 day moving average price of $30.47 and a two-hundred day moving average price of $30.84.

Institutional Investors Weigh In On Endava

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its position in Endava by 47.8% during the 4th quarter. Assetmark Inc. now owns 510 shares of the company’s stock valued at $40,000 after acquiring an additional 165 shares during the period. Headlands Technologies LLC bought a new stake in shares of Endava in the 1st quarter worth approximately $49,000. Quadrant Capital Group LLC boosted its position in shares of Endava by 34.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock worth $111,000 after purchasing an additional 368 shares in the last quarter. Wallace Advisory Group LLC purchased a new stake in shares of Endava in the 1st quarter worth approximately $126,000. Finally, Equitable Trust Co. increased its position in Endava by 21.3% during the 1st quarter. Equitable Trust Co. now owns 5,566 shares of the company’s stock valued at $212,000 after buying an additional 979 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors.

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.