Evolv Technologies (NASDAQ:EVLV) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Evolv Technologies from “sell” to “hold,” while the broader analyst consensus remains “Hold,” with three Buy ratings, one Hold, one Sell, and an average price target of $10.42.
• EVLV shares opened at $5.24, near their 52-week low of $4.86 and below both the 50-day and 200-day moving averages. The company has a market capitalization of approximately $949 million and a negative P/E ratio.
• Evolv reported quarterly revenue of $43.75 million, exceeding estimates, but its adjusted loss of $0.05 per share was wider than expected. Institutional investors own approximately 66.65% of the stock.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Sunday.

Several other brokerages have also recently commented on EVLV. TD Cowen reaffirmed a "buy" rating and issued a $10.00 target price on shares of Evolv Technologies in a research report on Tuesday, June 9th. Craig Hallum reissued a "buy" rating and issued a $11.25 price target on shares of Evolv Technologies in a report on Wednesday, August 12th. Zacks Research cut shares of Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Finally, 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. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $10.42.

Evolv Technologies Price Performance

EVLV stock opened at $5.24 on Friday. The stock's 50 day moving average price is $5.69 and its 200 day moving average price is $5.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.11 and a current ratio of 1.18. The firm has a market cap of $949.12 million, a P/E ratio of -174.67 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 - Get Free Report) last announced 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 firm had revenue of $43.75 million during the quarter, compared to the consensus estimate 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, sell-side analysts expect that Evolv Technologies will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of Evolv Technologies

A number of large investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. acquired a new stake in shares of Evolv Technologies in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 worth $49,000 after purchasing an additional 5,614 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Evolv Technologies during the 4th quarter worth about $72,000. FNY Investment Advisers LLC increased its position 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 purchasing an additional 2,500 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in Evolv Technologies during the 4th quarter valued at about $72,000. 66.65% of the stock is currently owned by 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.

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