Endava (NYSE:DAVA) Coverage Initiated by Analysts at Cantor Fitzgerald

Analysts at Cantor Fitzgerald assumed coverage on shares of Endava (NYSE:DAVA) in a report issued on Thursday, MarketBeat reports. The firm set a “neutral” rating and a $39.00 price target on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 2.15% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Endava from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Deutsche Bank boosted their target price on shares of Endava from $36.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, September 26th. Citigroup dropped their target price on shares of Endava from $44.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, September 27th. Finally, ValuEngine cut shares of Endava from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $38.88.

Shares of NYSE:DAVA opened at $38.18 on Thursday. The firm has a 50 day moving average of $37.86 and a 200-day moving average of $35.72. The stock has a market capitalization of $1.98 billion, a PE ratio of 37.74, a PEG ratio of 2.41 and a beta of 0.74. Endava has a 12 month low of $21.42 and a 12 month high of $43.93.

Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC acquired a new position in Endava during the 2nd quarter worth approximately $4,060,000. AXA increased its position in Endava by 46.5% during the 2nd quarter. AXA now owns 311,169 shares of the company’s stock worth $12,521,000 after purchasing an additional 98,792 shares in the last quarter. Acadian Asset Management LLC increased its position in Endava by 292.2% during the 2nd quarter. Acadian Asset Management LLC now owns 30,930 shares of the company’s stock worth $1,246,000 after purchasing an additional 23,043 shares in the last quarter. Flinton Capital Management LLC increased its position in Endava by 6.8% during the 2nd quarter. Flinton Capital Management LLC now owns 44,688 shares of the company’s stock worth $1,798,000 after purchasing an additional 2,832 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Endava during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 27.28% of the company’s stock.

Endava Company Profile

Endava plc provides technology services for clients in the consumer products, healthcare, logistics, and retail verticals in Europe, Latin America, and the United States. It offers strategy, creative and user experience, insights through data, mobile and Internet of Things, architecture, smart automation, software engineering, test automation and engineering, continuous delivery, cloud, applications management, and smart desk services across the digital evolution, agile transformation, and automation solution areas.

Read More: Portfolio Manager

Analyst Recommendations for Endava (NYSE:DAVA)

Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit