Wedmont Private Capital Takes Position in Evolv Technologies Holdings, Inc. $EVLV

Wedmont Private Capital acquired a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 277,078 shares of the company’s stock, valued at approximately $1,640,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in EVLV. CW Advisors LLC boosted its holdings in Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after buying an additional 2,014 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Evolv Technologies by 6.5% during the 4th quarter. Arizona State Retirement System now owns 33,648 shares of the company’s stock worth $241,000 after acquiring an additional 2,067 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Evolv Technologies by 16.5% during the 3rd quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after acquiring an additional 2,206 shares during the period. FNY Investment Advisers LLC grew its position in shares of Evolv Technologies by 33.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $58,000 after acquiring an additional 2,500 shares during the period. Finally, Advisory Services Network LLC increased its stake in shares of Evolv Technologies by 13.2% in the 4th quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock valued at $162,000 after purchasing an additional 2,651 shares in the last quarter. 66.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Craig Hallum reiterated a “buy” rating and set a $11.25 price target on shares of Evolv Technologies in a research report on Wednesday, August 12th. TD Cowen reaffirmed a “buy” rating and set a $10.00 target price on shares of Evolv Technologies in a research note on Tuesday, June 9th. Wall Street Zen upgraded Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Finally, Zacks Research lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. 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. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.42.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $5.00 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $905.65 million, a PE ratio of -166.67 and a beta of 1.80. The stock has a fifty day simple moving average of $5.64 and a 200-day simple moving average of $5.85. Evolv Technologies Holdings, Inc. has a twelve month low of $4.86 and a twelve month high of $8.81.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The company had revenue of $43.75 million for the quarter, compared to analysts’ expectations of $41.80 million. Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%. On average, equities analysts forecast that Evolv Technologies Holdings, Inc. will post -0.2 earnings per share for the current year.

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.