Endava’s (DAVA) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Endava (NYSE:DAVA) in a research note issued to investors on Monday,Benzinga reports. Needham & Company LLC currently has a $5.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Endava in a research note on Tuesday, September 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Endava from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Tuesday, September 22nd. TD Cowen reissued a “hold” rating and issued a $3.50 target price on shares of Endava in a research report on Tuesday, September 22nd. William Blair downgraded Endava from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 22nd. Finally, Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Endava presently has a consensus rating of “Reduce” and a consensus target price of $5.36.

Endava Stock Down 2.3%

NYSE:DAVA opened at $1.95 on Monday. The company has a market cap of $109.33 million, a PE ratio of 6.86 and a beta of 1.14. Endava has a twelve month low of $1.60 and a twelve month high of $9.88. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $2.65 and its two-hundred day moving average is $3.18.

Institutional Trading of Endava

A number of hedge funds and other institutional investors have recently made changes to their positions in DAVA. Barometer Capital Management Inc. lifted its position in Endava by 32.5% during the first quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company’s stock valued at $470,000 after purchasing an additional 26,080 shares during the period. SmartHarvest Portfolios LLC purchased a new stake in Endava in the first quarter valued at $84,000. Finally, Alpine Global Management LLC acquired a new stake in Endava during the 4th quarter worth about $87,000. Institutional investors and hedge funds own 62.23% of the company’s stock.

Endava News Roundup

Here are the key news stories impacting Endava this week:

• Negative Sentiment: A securities class action has been filed on behalf of investors who purchased Endava securities between September 4, 2025, and September 21, 2026. The lawsuit reportedly followed a 25% share-price decline on September 22 after Endava disclosed serious management and potential accounting issues. DAVA Investor Alert
• Negative Sentiment: The complaints allege that Endava misled investors about the accounting treatment of certain customer and supplier agreements and related matters. The allegations have not been proven, but the litigation creates legal, financial, and reputational risks for the company. DAVA Class Action Alert
• Negative Sentiment: Several firms, including Faruqi & Faruqi, Kaplan Fox, Bronstein Gewirtz & Grossman, Pomerantz, and Glancy Prongay, are soliciting investors who suffered losses. The repeated notices may increase visibility of the allegations and keep selling pressure on Endava shares. Faruqi Shareholder Notice
• Negative Sentiment: Investors have until November 30, 2026, to seek appointment as lead plaintiff. This is a procedural deadline rather than a new company operating update, but it signals that the legal process remains active and could result in additional costs or disclosures for Endava. Endava Class Action Deadline

About Endava

Endava plc is a technology services company that helps organizations design, develop and modernize digital products, platforms and business operations. Its services include digital strategy, software engineering, cloud and enterprise technology, data and artificial intelligence, customer experience, and technology consulting.

The company works with clients across industries including payments and financial services, telecommunications, media and technology, mobility, healthcare, retail and consumer products.