Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Stock Has Average Target Price of $9.81 According to Brokerages

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.81.

Several equities analysts have commented on the stock. LADENBURG THALM/SH SH started coverage on shares of Evolv Technologies in a research report on Tuesday, September 8th. They set a “buy” rating and a $8.00 target price on the stock. TD Cowen reaffirmed a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Craig Hallum reiterated a “buy” rating and set a $11.25 price target on shares of Evolv Technologies in a report on Wednesday, August 12th. Wall Street Zen raised Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Tuesday, September 29th.

Evolv Technologies Stock Performance

Shares of EVLV stock opened at $4.48 on Thursday. The firm has a 50-day moving average of $5.25 and a 200-day moving average of $5.80. The company has a market cap of $811.46 million, a P/E ratio of -149.33 and a beta of 1.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.11. Evolv Technologies has a one year low of $4.46 and a one year high of $8.81.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings results 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). Evolv Technologies had a negative net margin of 3.05% and a negative return on equity of 4.53%. The firm had revenue of $43.75 million for the quarter, compared to the consensus estimate of $41.80 million. Equities research analysts forecast that Evolv Technologies will post -0.2 EPS for the current fiscal year.

Insider Activity at Evolv Technologies

In related news, Director Richard Shapiro purchased 19,100 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average cost of $4.96 per share, with a total value of $94,736.00. Following the acquisition, the director owned 39,000 shares of the company’s stock, valued at $193,440. This represents a 95.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is owned by insiders.

Institutional Trading of Evolv Technologies

A number of large investors have recently added to or reduced their stakes in EVLV. Peregrine Capital Management LLC bought a new position in shares of Evolv Technologies during the 1st quarter worth $9,722,000. CenterBook Partners LP raised its position in shares of Evolv Technologies by 252.6% in the fourth quarter. CenterBook Partners LP now owns 1,075,877 shares of the company’s stock valued at $7,703,000 after purchasing an additional 770,791 shares during the period. BNP Paribas Financial Markets raised its position in shares of Evolv Technologies by 118.5% in the fourth quarter. BNP Paribas Financial Markets now owns 1,407,644 shares of the company’s stock valued at $10,079,000 after purchasing an additional 763,412 shares during the period. Keewaydin Investments LLC purchased a new stake in shares of Evolv Technologies during the 4th quarter valued at approximately $4,579,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Evolv Technologies during the 4th quarter valued at approximately $4,296,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Company Profile

Evolv Technologies develops artificial intelligence-powered security screening systems designed to detect weapons and other threats while allowing people to move through checkpoints without routinely removing personal belongings. Its technology is intended to help security teams improve protection and reduce congestion compared with traditional screening methods.

The company’s primary products include Evolv Express, a touchless weapons-detection system, and Evolv Insights, a software platform that provides operational data and analytics to help organizations manage screening programs.