Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Average Recommendation of “Hold” by Brokerages

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has earned an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.4167.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in EVLV. IFC & Insurance Marketing Inc. bought a new position in Evolv Technologies in the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position in Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after buying an additional 5,614 shares in the last quarter. AlphaCore Capital LLC bought a new stake in Evolv Technologies during the 4th quarter worth about $72,000. FNY Investment Advisers LLC boosted its stake 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 worth $58,000 after buying an additional 2,500 shares during the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Evolv Technologies in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Stock Up 0.6%

Evolv Technologies stock opened at $5.00 on Friday. The stock has a market capitalization of $905.63 million, a PE ratio of -166.67 and a beta of 1.80. Evolv Technologies has a twelve month low of $4.86 and a twelve month high of $8.81. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average of $5.65 and a 200-day moving average of $5.85.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) EPS 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 analyst estimates 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 research analysts anticipate that Evolv Technologies will post -0.2 EPS for the current fiscal 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.