Endava Ltd (DAVA)

Sep 26, 2026

Endava PLC Sponsored ADR (NYSE:DAVA) has received an average recommendation of "Reduce" from nine brokerages, with an average 12-month price target of $5.36. Recent analyst actions have been largely cautious, including a downgrade from William Blair and a price target cut from Deutsche Bank. The company's shares opened at $1.81, near their 52-week low, and institutional investors own 62.23% of the stock.

Sep 23, 2026

Endava plc has placed its Chief Financial Officer, Mark Thurston, on administrative leave following the initiation of an investigation by independent outside counsel into the company's accounting practices for certain customer and supplier agreements. The company has appointed Conor McShane of AlixPartners as interim CFO and announced a delay in releasing its fourth-quarter results until November 2nd. This comes after Endava reported an 8.4% year-on-year sales decline and a shift from profit to loss in its third-quarter results.

Sep 22, 2026

The Law Offices of Frank R. Cruz is continuing its investigation into Endava plc (DAVA) regarding potential federal securities law violations. This follows Endava's announcement on September 21, 2026, that its CFO, Mark Thurston, was placed on administrative leave pending an investigation into the company's accounting practices related to customer and supplier agreements. Following this news, Endava's shares fell significantly, injuring investors.

Sep 22, 2026

TD Cowen has reaffirmed its "Hold" rating for Endava (DAVA) with a $3.50 price target, despite the stock trading at $2.13. The company is facing heightened uncertainty due to an ongoing accounting investigation, the departure of its CFO, and multiple law firm inquiries into potential securities-law violations, leading to a generally weak analyst sentiment with a consensus "Reduce" rating. Various other firms have also adjusted their ratings and price targets, reflecting caution around Endava's future.

Sep 22, 2026

William Blair has downgraded Endava (DAVA) to Underperform from Market Perform. Analysts currently give Endava an average rating of hold with a mean price target of $4.90. The full details of the MT Newswires article require a premium subscription to view.

Sep 21, 2026

Endava has appointed Conor McShane of AlixPartners LLP as interim Chief Financial Officer, following the administrative leave of CFO Mark Thurston due to an accounting probe into customer and supplier agreements. The company's fiscal fourth-quarter and full-year 2026 results, along with its Form 20-F, will be delayed, with a new target publication date of November 2, 2026. The independent investigation is ongoing, and investors are closely monitoring the impact on the company.