Endava (NYSE:DAVA) Given New $7.00 Price Target at Needham & Company LLC

Endava (NYSE:DAVA) had its target price cut by research analysts at Needham & Company LLC from $9.00 to $7.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective points to a potential upside of 38.61% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Guggenheim cut their price target on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Morgan Stanley decreased their price target on Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Endava from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Endava presently has a consensus rating of “Hold” and a consensus price target of $15.86.

Endava Stock Down 3.4%

Shares of NYSE DAVA traded down $0.18 during trading hours on Thursday, hitting $5.05. The stock had a trading volume of 829,100 shares, compared to its average volume of 492,373. The firm’s 50-day moving average price is $6.33 and its two-hundred day moving average price is $8.42. Endava has a 52 week low of $4.84 and a 52 week high of $33.29. The company has a market capitalization of $283.86 million, a P/E ratio of 25.30 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 2.18.

Institutional Investors Weigh In On Endava

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its position in shares of Endava by 16.1% during the 1st quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after buying an additional 1,482 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Endava by 733.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock valued at $29,000 after acquiring an additional 1,680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Endava by 22.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,411 shares of the company’s stock worth $85,000 after acquiring an additional 2,493 shares during the last quarter. Advisory Services Network LLC acquired a new position in Endava during the third quarter valued at approximately $28,000. Finally, State Street Corp grew its holdings in Endava by 3.4% during the fourth quarter. State Street Corp now owns 98,936 shares of the company’s stock valued at $625,000 after purchasing an additional 3,218 shares during the period. Institutional investors and hedge funds own 62.23% of the company’s stock.

Trending Headlines about Endava

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Management issued materially stronger guidance: Q3 EPS guide of $0.250–$0.290 (vs. Street ~$0.12) and FY2026 EPS guide of $1.100–$1.180 (vs. Street ~$0.40); revenue FY guide ~ $1.0B above consensus. That upgrade is a clear bullish signal on underlying demand and the company’s AI pivot. Read More.
• Positive Sentiment: Revenue materially exceeded the consensus: Q2 revenue ~ $248.0M versus a lower Street estimate (~$179.9M), indicating stronger-than-expected client engagement and bookings even as profitability lags. Read More.
• Positive Sentiment: Strategic progress on AI: Endava highlighted its AI-native pivot and expanded a partnership with Cognition to scale “governed agentic coding,” reinforcing the company’s positioning in higher‑value AI services that could lift future margins and bookings. Read More.
• Neutral Sentiment: Management commentary and the full earnings call/slides are available for deeper read; investors should review the transcript and slides for details on margin drivers, capital allocation, and cadence of AI revenue. Read More.
• Negative Sentiment: Conflicting EPS reports created confusion: some outlets and summaries show EPS substantially below consensus (reporting $0.07 vs $0.21 consensus), while others report EPS in line with estimates. That discrepancy and the company’s thin net margin (~1.34%) likely contributed to intraday selling and volatility despite the upbeat guidance. Read More.

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.