Endava (NYSE:DAVA) Given New $4.00 Price Target at TD Cowen

Endava (NYSE:DAVA) had its price objective lowered by investment analysts at TD Cowen from $6.00 to $4.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target points to a potential upside of 19.23% from the company’s previous close.

Several other brokerages also recently commented on DAVA. Guggenheim cut their price target on shares of Endava from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, February 13th. Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. JPMorgan Chase & Co. restated an “underweight” rating and set a $5.00 price objective (down from $9.00) on shares of Endava in a research report on Friday. CLSA set a $5.00 price objective on shares of Endava in a research report on Friday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Endava in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.14.

Endava Stock Performance

DAVA traded up $0.02 on Friday, hitting $3.36. The company’s stock had a trading volume of 228,416 shares, compared to its average volume of 406,285. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $5.64. The firm has a market cap of $188.58 million, a P/E ratio of -30.50 and a beta of 1.11. Endava has a 12 month low of $3.20 and a 12 month high of $17.36. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.36.

Hedge Funds Weigh In On Endava

Hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Endava by 733.6% in the second 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. Advisory Services Network LLC purchased a new position in shares of Endava in the third quarter valued at about $28,000. Quadrant Capital Group LLC increased its position in shares of Endava by 901.8% in the fourth quarter. Quadrant Capital Group LLC now owns 6,101 shares of the company’s stock valued at $39,000 after acquiring an additional 5,492 shares during the period. Perennial Advisors LLC bought a new stake in shares of Endava during the 4th quarter valued at about $63,000. Finally, Vident Advisory LLC bought a new stake in shares of Endava during the 2nd quarter valued at about $160,000. Hedge funds and other institutional investors own 62.23% of the company’s stock.

Endava News Roundup

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Needham kept a buy rating on Endava but cut its price target to $5.00 from $7.00, implying some analysts still see recovery potential despite the weak results.
• Neutral Sentiment: JPMorgan downgraded Endava from neutral to underweight and set a $5.00 target, reflecting a more cautious stance but still above the recent trading level.
• Negative Sentiment: Endava reported Q3 FY2026 EPS of $0.07, well below the $0.27 consensus estimate, and revenue of $236.4 million versus expectations of $242.8 million, signaling weaker-than-expected operating performance. Article Title
• Negative Sentiment: The company also issued Q4 FY2026 and full-year FY2026 guidance below Wall Street estimates, reinforcing concerns that demand remains uneven and deal cycles are taking longer. Article Title
• Negative Sentiment: Management said this has been one of Endava’s most challenging periods in recent years, citing extended sales cycles and clients scrutinizing technology spend, which suggests near-term revenue growth may stay pressured. Article Title

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.