Evolv Technologies (NASDAQ:EVLV) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Evolv Technologies to “Sell” from “Hold,” although analyst sentiment remains mixed, with three Buy ratings, one Hold and one Sell. The consensus rating is “Hold,” with an average price target of $10.42.
• EVLV shares opened at $5.34, near their 52-week low of $4.86 and below the 50-day and 200-day moving averages. The company has a market capitalization of about $967 million and a negative price-to-earnings ratio.
• Evolv reported a quarterly loss of $0.05 per share, missing estimates by $0.02, while revenue of $43.75 million exceeded expectations. Institutional investors own approximately 66.65% of the stock, with JPMorgan among those increasing its stake.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

EVLV has been the topic of several other research reports. TD Cowen reiterated a "buy" rating and issued a $10.00 price target on shares of Evolv Technologies in a report on Tuesday, June 9th. Zacks Research cut Evolv Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Craig Hallum restated a "buy" rating and set a $11.25 target price on shares of Evolv Technologies in a research report on Wednesday, August 12th. Finally, 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. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Evolv Technologies presently has an average rating of "Hold" and an average target price of $10.42.

Evolv Technologies Stock Performance

EVLV stock opened at $5.34 on Friday. The company has a 50 day moving average price of $5.74 and a 200 day moving average price of $5.88. 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 $967.21 million, a PE ratio of -178.00 and a beta of 1.80.

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 net margin of 3.05% and a negative return on equity of 4.53%. Analysts forecast that Evolv Technologies will post -0.18 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVLV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Evolv Technologies by 6.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company's stock worth $249,000 after buying an additional 5,050 shares in the last quarter. Creative Planning acquired a new stake in shares of Evolv Technologies during the 2nd quarter valued at $189,000. JPMorgan Chase & Co. grew its holdings in shares of Evolv Technologies by 192.6% during the second quarter. JPMorgan Chase & Co. now owns 221,915 shares of the company's stock worth $1,385,000 after purchasing an additional 146,067 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Evolv Technologies in the second quarter worth $94,000. Finally, CW Advisors LLC grew its position in shares of Evolv Technologies by 19.0% in the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company's stock valued at $79,000 after buying an additional 2,014 shares during the last quarter. 66.65% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source