Needham & Company LLC Lowers Endava (NYSE:DAVA) Price Target to $33.00

Endava (NYSE:DAVA) had its price target trimmed by Needham & Company LLC from $42.00 to $33.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on the company. TD Cowen decreased their price target on Endava from $46.00 to $42.00 and set a buy rating for the company in a research report on Friday, May 24th. Redburn Atlantic initiated coverage on Endava in a research note on Friday, May 24th. They set a neutral rating and a $33.10 target price on the stock. Guggenheim reduced their price target on shares of Endava from $55.00 to $45.00 and set a buy rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. lifted their price objective on shares of Endava from $41.00 to $47.00 and gave the stock an overweight rating in a research report on Friday, September 6th. Finally, Wedbush decreased their target price on Endava from $65.00 to $50.00 and set an outperform rating for the company in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Endava has an average rating of Moderate Buy and an average price target of $42.31.

Endava Stock Down 0.4 %

Shares of Endava stock opened at $26.51 on Friday. The company has a market cap of $1.53 billion, a PE ratio of 29.46 and a beta of 1.22. Endava has a 52 week low of $24.51 and a 52 week high of $81.06. The business has a 50 day moving average price of $30.47 and a 200-day moving average price of $30.84.

Hedge Funds Weigh In On Endava

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake in Endava by 13.3% in the fourth quarter. BNP Paribas Financial Markets now owns 8,778 shares of the company’s stock valued at $683,000 after acquiring an additional 1,033 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Endava in the fourth quarter worth approximately $5,551,000. Janney Montgomery Scott LLC grew its position in Endava by 62.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,929 shares of the company’s stock valued at $618,000 after acquiring an additional 3,050 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Endava by 34.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,424 shares of the company’s stock worth $111,000 after acquiring an additional 368 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in shares of Endava in the 4th quarter worth approximately $274,000. Institutional investors 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.