Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $10.06 Average Price Target from Analysts

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has received an average recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $10.4167.

A number of brokerages have recently commented on EVLV. TD Cowen reaffirmed a “buy” rating and set a $10.00 price objective on shares of Evolv Technologies in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Craig Hallum reissued a “buy” rating and set a $11.25 price target on shares of Evolv Technologies in a report on Wednesday, August 12th. Finally, Zacks Research lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th.

Institutional Trading of Evolv Technologies

Several institutional investors have recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new stake in Evolv Technologies in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew 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 in the last quarter. FNY Investment Advisers LLC grew its holdings in Evolv Technologies by 33.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $58,000 after buying an additional 2,500 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Evolv Technologies in the fourth quarter valued at about $72,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Evolv Technologies in the 4th quarter valued at approximately $72,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Evolv Technologies Stock Performance

Shares of EVLV stock opened at $5.44 on Wednesday. Evolv Technologies has a 52-week low of $4.86 and a 52-week 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 stock has a market cap of $985.33 million, a PE ratio of -181.33 and a beta of 1.80. The business has a 50-day simple moving average of $5.78 and a 200-day simple moving average of $5.90.

Evolv Technologies (NASDAQ:EVLV) last posted its earnings results on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate 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 analysts expect that Evolv Technologies will post -0.18 EPS 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.