Endava (NYSE:DAVA) Hits New 12-Month Low – Here’s What Happened

Endava plc (NYSE:DAVA) hit a new 52-week low on Wednesday . The company traded as low as $21.09 and last traded at $21.52, with a volume of 342373 shares traded. The stock had previously closed at $21.78.

Analyst Ratings Changes

A number of research firms recently commented on DAVA. Susquehanna lowered their price objective on shares of Endava from $55.00 to $50.00 and set a “positive” rating for the company in a research report on Friday, February 21st. Morgan Stanley boosted their target price on Endava from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC dropped their price target on Endava from $43.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. TD Cowen lifted their price objective on Endava from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, Bank of America initiated coverage on Endava in a research note on Friday, November 22nd. They set a “neutral” rating and a $29.00 target price for the company. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

Endava Trading Down 1.2 %

The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 195.64, a P/E/G ratio of 2.26 and a beta of 1.42. The business has a 50-day simple moving average of $29.96 and a two-hundred day simple moving average of $28.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.90 and a current ratio of 1.90.

Endava (NYSE:DAVA) last announced its earnings results on Thursday, February 20th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.18). Endava had a return on equity of 0.89% and a net margin of 0.74%. The business had revenue of $250.63 million for the quarter, compared to analyst estimates of $197.33 million. As a group, research analysts forecast that Endava plc will post 0.57 EPS for the current year.

Institutional Trading of Endava

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE increased its position in shares of Endava by 15.3% during the 3rd quarter. US Bancorp DE now owns 18,058 shares of the company’s stock worth $461,000 after purchasing an additional 2,398 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Endava by 53.2% in the third quarter. GSA Capital Partners LLP now owns 37,873 shares of the company’s stock valued at $967,000 after buying an additional 13,158 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Endava by 44.3% during the third quarter. Oppenheimer & Co. Inc. now owns 37,423 shares of the company’s stock worth $956,000 after buying an additional 11,482 shares during the last quarter. Natixis Advisors LLC raised its position in Endava by 5.9% during the third quarter. Natixis Advisors LLC now owns 31,317 shares of the company’s stock worth $800,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Fourth Sail Capital LP lifted its stake in Endava by 36.2% in the third quarter. Fourth Sail Capital LP now owns 931,151 shares of the company’s stock valued at $23,782,000 after acquiring an additional 247,418 shares during the last quarter. Institutional investors and hedge funds 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.