Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $9.13 Average Target Price from Analysts

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.1250.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd.

Evolv Technologies Stock Up 1.6%

Shares of EVLV opened at $6.46 on Friday. The firm has a market cap of $1.16 billion, a P/E ratio of -30.76 and a beta of 1.78. Evolv Technologies has a 12-month low of $3.10 and a 12-month high of $8.91. The company’s 50-day moving average price is $5.62 and its 200 day moving average price is $6.48. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, March 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.14. The firm had revenue of $38.50 million for the quarter, compared to analyst estimates of $36.44 million. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 30.45%. On average, sell-side analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current year.

Insider Transactions at Evolv Technologies

In related news, Director Michael Ellenbogen sold 91,771 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $5.10, for a total value of $468,032.10. Following the sale, the director directly owned 2,083,961 shares in the company, valued at approximately $10,628,201.10. The trade was a 4.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Evolv Technologies

Several institutional investors have recently bought and sold shares of EVLV. IFC & Insurance Marketing Inc. acquired a new position in Evolv Technologies in the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its position in Evolv Technologies by 471.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after acquiring an additional 5,614 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Evolv Technologies in the 3rd quarter valued at about $60,000. FNY Investment Advisers LLC grew its position in Evolv Technologies by 48.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after acquiring an additional 2,897 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new position in Evolv Technologies in the 4th quarter valued at about $72,000. 66.65% of the stock is owned by institutional investors and hedge funds.

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.