Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $9.13 Average PT from Brokerages

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.1250.

A number of research analysts have commented on EVLV shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. Lake Street Capital upped their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, November 14th.

Insider Activity at Evolv Technologies

In other news, Director Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $5.47, for a total value of $441,675.15. Following the completion of the sale, the director directly owned 2,083,961 shares of the company’s stock, valued at approximately $11,399,266.67. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Evolv Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of EVLV. IFC & Insurance Marketing Inc. purchased a new stake in Evolv Technologies during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after purchasing an additional 5,614 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Evolv Technologies in the third quarter valued at approximately $60,000. FNY Investment Advisers LLC increased its stake in Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after buying an additional 2,897 shares during the period. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Evolv Technologies during the 3rd quarter worth approximately $76,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Evolv Technologies Stock Performance

Shares of Evolv Technologies stock opened at $5.31 on Friday. The firm has a market cap of $927.23 million, a PE ratio of -14.35 and a beta of 1.86. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. Evolv Technologies has a 52 week low of $2.64 and a 52 week high of $8.91. The business’s fifty day simple moving average is $6.29 and its 200-day simple moving average is $7.07.

About Evolv Technologies

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.