Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $6.25 and last traded at $6.12, with a volume of 1282950 shares changing hands. The stock had previously closed at $6.06.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on EVLV. Northland Securities upgraded Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 target price on the stock in a report on Wednesday, May 21st. Northland Capmk upgraded Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Lake Street Capital upped their target price on Evolv Technologies from $4.00 to $5.50 and gave the company a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald upgraded Evolv Technologies to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen upgraded Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Evolv Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $6.50.
Check Out Our Latest Stock Analysis on Evolv Technologies
Evolv Technologies Price Performance
The business has a fifty day moving average of $4.90 and a 200 day moving average of $4.00. The stock has a market cap of $998.76 million, a price-to-earnings ratio of -21.75 and a beta of 1.68.
Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.01) EPS for the quarter, topping 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 firm had revenue of $32.01 million for the quarter, compared to the consensus estimate of $26.40 million. On average, analysts expect that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.
Hedge Funds Weigh In On Evolv Technologies
A number of hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Evolv Technologies by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 74,878 shares of the company's stock worth $296,000 after buying an additional 3,276 shares during the last quarter. American Century Companies Inc. grew its holdings in Evolv Technologies by 6.1% during the first quarter. American Century Companies Inc. now owns 63,315 shares of the company's stock valued at $198,000 after purchasing an additional 3,633 shares during the last quarter. Mariner LLC grew its holdings in Evolv Technologies by 15.9% during the fourth quarter. Mariner LLC now owns 26,532 shares of the company's stock valued at $105,000 after purchasing an additional 3,639 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Evolv Technologies by 5.1% during the first 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 last quarter. Finally, Sapient Capital LLC grew its holdings in Evolv Technologies by 0.7% during the first 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 last quarter. Institutional investors and hedge funds own 66.65% of the company's stock.
About Evolv Technologies
(
Get Free Report)
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.
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