Needham Suspends Buy Rating on Endava, Maintains $5 Price Target
Needham suspends Buy rating on Endava (NYSE:DAVA) and Maintains $5 price target
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TD Cowen analyst Bryan Bergin reiterates Endava (NYSE:DAVA) with a Hold and maintains $3.5 price target.
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Needham suspends Buy rating on Endava (NYSE:DAVA) and Maintains $5 price target
Block & Leviton is investigating Lennar Corporation for potentially misleading investors about home delivery numbers in fiscal Q3 2026. The investigation focuses on whether Lennar artificially inflated delivery figures through purchases by its spinoff company Millrose Properties in the final week of the quarter. Lennar's stock fell on October 5, 2026, following an analyst downgrade of Millrose.
Endava (NYSE: DAVA) experienced a sharp 25% stock decline on September 22, 2026, after announcing that its CFO Mark Thurston was placed on administrative leave and an internal investigation was initiated regarding accounting treatment of customer and supplier agreements. The company also delayed its quarterly and annual reports, prompting securities law firm Hagens Berman to investigate potential violations of federal securities laws and possible financial statement restatements.
Endava plc announced that its CFO Mark Thurston was placed on administrative leave pending an investigation by independent outside counsel regarding the company's accounting treatment of customer and supplier agreements. The announcement triggered a significant stock price decline of 24.2% during intraday trading on September 22, 2026, prompting a securities fraud investigation and class action lawsuit.