Evolv Technologies (NASDAQ:EVLV) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Evolv Technologies (NASDAQ:EVLV) issued its quarterly earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.07, Zacks reports. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. Evolv Technologies updated its FY 2025 guidance to EPS.

Evolv Technologies Stock Performance

NASDAQ:EVLV traded down $0.20 during trading hours on Tuesday, hitting $5.54. The stock had a trading volume of 4,563,494 shares, compared to its average volume of 1,885,608. The business’s 50 day moving average is $3.58 and its 200-day moving average is $3.56. The company has a market cap of $905.62 million, a price-to-earnings ratio of -39.57 and a beta of 1.61. Evolv Technologies has a one year low of $2.04 and a one year high of $5.89.

Analyst Ratings Changes

Separately, Lake Street Capital lifted their target price on shares of Evolv Technologies from $2.75 to $4.00 and gave the stock a “hold” rating in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.08.

Hedge Funds Weigh In On Evolv Technologies

A hedge fund recently raised its stake in Evolv Technologies stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,928 shares of the company’s stock after acquiring an additional 5,050 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Evolv Technologies were worth $249,000 as of its most recent filing with the Securities and Exchange Commission. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.