Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Evolv Technologies, with four buy, one hold and one sell rating among six covering firms. The average 12-month price target is $10.06, well above the reported share price of $5.59.
• Evolv shares fell 7.3% to $5.59, while the company reported quarterly revenue of $43.75 million—above expectations—but an adjusted loss of $0.05 per share, missing estimates by $0.02.
• Institutional ownership stands at 66.65%, with investors including Vanguard, Millennium Management and Stoic Point Capital either increasing holdings or establishing new positions.

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) have received a consensus rating of "Moderate Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.0625.

Several research firms have recently weighed in on EVLV. Zacks Research cut shares of Evolv Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Weiss Ratings raised Evolv Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. TD Cowen reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Craig Hallum reissued a "buy" rating and issued a $11.25 target price on shares of Evolv Technologies in a report on Wednesday.

Evolv Technologies Stock Down 7.3%

Evolv Technologies stock traded down $0.44 during trading hours on Wednesday, hitting $5.59. The stock had a trading volume of 1,779,431 shares, compared to its average volume of 2,733,383. The stock's 50-day moving average price is $5.82 and its 200-day moving average price is $5.93. The stock has a market capitalization of $1.01 billion, a P/E ratio of -24.30 and a beta of 1.80. Evolv Technologies has a 12-month low of $4.86 and a 12-month high of $8.91. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last announced its quarterly earnings data 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 return on equity of 33.53% and a negative net margin of 22.75%.The firm had revenue of $43.75 million during the quarter, compared to analysts' expectations of $41.80 million. Equities research analysts anticipate that Evolv Technologies will post -0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVLV. Stoic Point Capital Management LLC bought a new position in Evolv Technologies in the 4th quarter worth $40,724,000. Millennium Management LLC raised its holdings in Evolv Technologies by 194.6% during the third quarter. Millennium Management LLC now owns 4,187,604 shares of the company's stock valued at $31,616,000 after acquiring an additional 2,766,335 shares during the period. Vanguard Group Inc. lifted its position in shares of Evolv Technologies by 15.0% in the fourth 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 in the last quarter. Peregrine Capital Management LLC bought a new position in shares of Evolv Technologies in the first quarter worth about $9,722,000. Finally, Mittelman Wealth Management bought a new position in shares of Evolv Technologies in the third quarter worth about $11,415,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

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.

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