Moody National Bank Trust Division Takes Position in Evolv Technologies Holdings, Inc. $EVLV

Moody National Bank Trust Division bought a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 84,733 shares of the company’s stock, valued at approximately $491,000.

A number of other institutional investors have also made changes to their positions in the business. IFC & Insurance Marketing Inc. bought a new position in Evolv Technologies during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd raised its position 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. AlphaCore Capital LLC acquired a new stake in shares of Evolv Technologies during the 4th quarter worth about $72,000. Cibc World Markets Corp acquired a new stake in shares of Evolv Technologies during the 4th quarter worth about $72,000. Finally, Legacy Advisors LLC acquired a new position in Evolv Technologies in the 3rd quarter valued at about $81,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Evolv Technologies Stock Performance

NASDAQ EVLV opened at $5.95 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.07 billion, a P/E ratio of -25.87 and a beta of 1.80. Evolv Technologies Holdings, Inc. has a 12-month low of $4.86 and a 12-month high of $8.91. The firm has a 50-day moving average price of $5.86 and a two-hundred day moving average price of $5.93.

Evolv Technologies (NASDAQ:EVLV) last announced its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. The firm had revenue of $46.33 million for the quarter, compared to analyst estimates of $44.23 million. Analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EVLV shares. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. TD Cowen restated a “buy” rating and set a $10.00 price objective on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Evolv Technologies has a consensus rating of “Hold” and an average price target of $9.67.

Evolv Technologies Company Profile

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.