Evolv Technologies (NASDAQ:EVLV) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Evolv Technologies (NASDAQ:EVLV) from a sell rating to a hold rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

EVLV has been the topic of a number of other reports. TD Cowen reissued a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Craig Hallum reaffirmed a “buy” rating and set a $11.25 price objective on shares of Evolv Technologies in a research report on Wednesday, August 12th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Finally, Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.42.

Evolv Technologies Stock Down 2.9%

Shares of Evolv Technologies stock opened at $5.06 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.11. The company has a 50-day moving average of $5.67 and a 200 day moving average of $5.87. The firm has a market cap of $916.52 million, a price-to-earnings ratio of -168.67 and a beta of 1.80. Evolv Technologies has a 1 year low of $4.86 and a 1 year high of $8.81.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The business had revenue of $43.75 million for the quarter, compared to the consensus estimate of $41.80 million. As a group, sell-side analysts anticipate that Evolv Technologies will post -0.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVLV. Vanguard Group Inc. raised its position in Evolv Technologies by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after buying an additional 1,802,928 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Evolv Technologies by 289.8% during the 1st quarter. Sei Investments Co. now owns 239,710 shares of the company’s stock valued at $1,450,000 after acquiring an additional 178,215 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Evolv Technologies during the 1st quarter valued at about $1,048,000. Greenwood Gearhart Inc. bought a new stake in shares of Evolv Technologies in the fourth quarter worth approximately $1,432,000. Finally, Militia Capital Management LLC bought a new stake in shares of Evolv Technologies in the first quarter worth approximately $2,722,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

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.