Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives Average Recommendation of "Moderate Buy" from Analysts

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.50.

Several analysts have weighed in on the company. Lake Street Capital boosted their price objective on Evolv Technologies from $4.00 to $5.50 and gave the stock a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald raised Evolv Technologies to a "strong-buy" rating in a report on Wednesday, May 21st. Northland Capmk raised Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Wall Street Zen raised Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Northland Securities raised Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price objective for the company in a report on Wednesday, May 21st.

Institutional Trading of Evolv Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Evolv Technologies by 4.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,878 shares of the company's stock valued at $296,000 after acquiring an additional 3,276 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Evolv Technologies by 6.1% in the 1st quarter. American Century Companies Inc. now owns 63,315 shares of the company's stock valued at $198,000 after acquiring an additional 3,633 shares during the last quarter. Mariner LLC increased its stake in shares of Evolv Technologies by 15.9% in the 4th quarter. Mariner LLC now owns 26,532 shares of the company's stock valued at $105,000 after acquiring an additional 3,639 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Evolv Technologies by 5.1% in the 1st quarter. MetLife Investment Management LLC now owns 91,042 shares of the company's stock valued at $284,000 after purchasing an additional 4,412 shares during the period. Finally, Sapient Capital LLC grew its position in shares of Evolv Technologies by 0.7% in the 1st quarter. Sapient Capital LLC now owns 735,049 shares of the company's stock valued at $2,293,000 after purchasing an additional 5,000 shares during the period. 66.65% of the stock is owned by institutional investors.

Evolv Technologies Stock Performance

Shares of NASDAQ:EVLV traded up $0.02 on Friday, hitting $5.64. The stock had a trading volume of 1,367,188 shares, compared to its average volume of 2,134,273. Evolv Technologies has a twelve month low of $2.04 and a twelve month high of $6.45. The firm's 50 day moving average price is $5.43 and its 200-day moving average price is $4.18. The company has a market capitalization of $924.94 million, a price-to-earnings ratio of -20.14 and a beta of 1.70.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.07. Evolv Technologies had a negative return on equity of 34.13% and a negative net margin of 38.97%. The business had revenue of $32.01 million during the quarter, compared to analysts' expectations of $26.40 million. As a group, sell-side analysts predict that Evolv Technologies will post -0.27 EPS for the current year.

About Evolv Technologies

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.