Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Evolv Technologies, with three buys, one hold and one sell among five covering firms. The average 12-month price target is $10.42, versus a recent share price of $5.00.
• Evolv reported quarterly revenue of $43.75 million, exceeding estimates of $41.80 million, but its adjusted loss of $0.05 per share was wider than the expected $0.03 loss. Analysts project a full-year loss of $0.20 per share.
• Institutional investors own 66.65% of the company, with Vanguard increasing its stake by 15% and several other funds initiating or expanding positions.

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) have been given an average recommendation of "Hold" by the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.4167.

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

Evolv Technologies Stock Performance

EVLV stock opened at $5.00 on Friday. The company has a 50 day moving average price of $5.65 and a 200 day moving average price of $5.85. Evolv Technologies has a fifty-two week low of $4.86 and a fifty-two week high of $8.81. 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 stock has a market capitalization of $905.63 million, a PE ratio of -166.67 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $41.80 million. Analysts forecast that Evolv Technologies will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Evolv Technologies by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company's stock valued at $98,700,000 after acquiring an additional 1,802,928 shares during the last quarter. Sei Investments Co. boosted its stake in Evolv Technologies by 289.8% during the 1st quarter. Sei Investments Co. now owns 239,710 shares of the company's stock worth $1,450,000 after acquiring an additional 178,215 shares during the last quarter. Empowered Funds LLC acquired a new position in Evolv Technologies during the first quarter valued at approximately $1,048,000. Greenwood Gearhart Inc. bought a new stake in Evolv Technologies in the fourth quarter valued at approximately $1,432,000. Finally, Militia Capital Management LLC bought a new stake in shares of Evolv Technologies in the 1st quarter valued at $2,722,000. 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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