Evolv Technologies Holdings, Inc. (EVLV) – What Are Researchers Thinking About This Stock?

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.81.

A number of analysts recently issued reports on EVLV shares. Craig Hallum reissued a “buy” rating and set a $11.25 price objective on shares of Evolv Technologies in a research report on Wednesday, August 12th. LADENBURG THALM/SH SH initiated coverage on Evolv Technologies in a research note on Tuesday, September 8th. They issued a “buy” rating and a $8.00 target price on the stock. Wall Street Zen raised Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research note on Tuesday, September 29th.

Evolv Technologies Stock Performance

Shares of NASDAQ:EVLV opened at $4.62 on Monday. The firm has a fifty day moving average of $4.86 and a two-hundred day moving average of $5.66. The firm has a market capitalization of $836.82 million, a P/E ratio of -154.00 and a beta of 1.75. Evolv Technologies has a 12-month low of $4.02 and a 12-month high of $8.40. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Evolv Technologies had a negative net margin of 3.05% and a negative return on equity of 4.53%. The company had revenue of $43.75 million for the quarter, compared to analysts’ expectations of $41.80 million. On average, equities analysts expect that Evolv Technologies will post -0.20 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard Shapiro purchased 19,100 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average price of $4.96 per share, with a total value of $94,736.00. Following the purchase, the director owned 39,000 shares in the company, valued at $193,440. This represents a 95.98% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Evolv Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in Evolv Technologies by 842.3% in the third quarter. Sterling Capital Management LLC now owns 5,437 shares of the company’s stock valued at $25,000 after acquiring an additional 4,860 shares during the last quarter. Moody National Bank Trust Division increased its stake in shares of Evolv Technologies by 14.5% during the 3rd quarter. Moody National Bank Trust Division now owns 97,025 shares of the company’s stock worth $451,000 after purchasing an additional 12,292 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Evolv Technologies during the second quarter worth $63,000. Allianz Asset Management GmbH acquired a new position in shares of Evolv Technologies during the 2nd quarter valued at about $267,000. Finally, Corient Private Wealth LP lifted its holdings in Evolv Technologies by 100.6% in the 2nd quarter. Corient Private Wealth LP now owns 208,837 shares of the company’s stock worth $1,211,000 after purchasing an additional 104,708 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

About Evolv Technologies

Evolv Technologies develops AI-powered security screening systems designed to help organizations detect weapons and other threats at entrances while supporting a more convenient visitor experience. The company combines sensor technology, artificial intelligence and security analytics to screen people as they walk through designated screening areas.

Its product portfolio has included Evolv Express, a touchless weapons-detection system intended for high-throughput environments; Evolv Edge, a related screening solution for smaller or more controlled entrances; and Evolv Insights, a software platform that provides security and operational data to help organizations monitor screening activity and manage their security programs.

Evolv has served a range of customers, including sports and entertainment venues, educational institutions, healthcare facilities, corporate campuses and other public-facing organizations.