Endava plc (NYSE:DAVA – Get Free Report) was down 5.2% during mid-day trading on Monday after Guggenheim lowered their price target on the stock from $55.00 to $45.00. Guggenheim currently has a buy rating on the stock. Endava traded as low as $31.58 and last traded at $31.71. Approximately 290,165 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 515,764 shares. The stock had previously closed at $33.45.
A number of other analysts have also weighed in on DAVA. TD Cowen lowered their target price on Endava from $46.00 to $42.00 and set a “buy” rating for the company in a report on Friday, May 24th. Wedbush reduced their price target on Endava from $65.00 to $50.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. JPMorgan Chase & Co. upped their price target on Endava from $41.00 to $47.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Needham & Company LLC reduced their price target on Endava from $50.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, May 24th. Finally, Redburn Atlantic started coverage on Endava in a research report on Friday, May 24th. They issued a “neutral” rating and a $33.10 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.01.
View Our Latest Research Report on Endava
Institutional Investors Weigh In On Endava
Endava Stock Performance
The stock has a market capitalization of $1.83 billion, a PE ratio of 35.93 and a beta of 1.22. The stock’s 50 day moving average is $30.65 and its two-hundred day moving average is $31.21.
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.
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