Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) were down 4.2% on Thursday . The company traded as low as $5.25 and last traded at $5.29. Approximately 690,445 shares changed hands during trading, a decline of 68% from the average daily volume of 2,128,762 shares. The stock had previously closed at $5.52.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Northland Securities raised Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price target on the stock in a research note on Wednesday, May 21st. Wall Street Zen raised shares of Evolv Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Northland Capmk raised shares of Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 20th. Cantor Fitzgerald raised Evolv Technologies to a "strong-buy" rating in a research report on Wednesday, May 21st. Finally, Lake Street Capital raised their price objective on Evolv Technologies from $4.00 to $5.50 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $6.50.
Read Our Latest Analysis on Evolv Technologies
Evolv Technologies Stock Performance
The stock has a market capitalization of $838.35 million, a price-to-earnings ratio of -36.39 and a beta of 1.68. The stock has a fifty day simple moving average of $4.47 and a two-hundred day simple moving average of $3.91.
Evolv Technologies (NASDAQ:EVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. The firm had revenue of $32.01 million for the quarter, compared to analyst estimates of $26.40 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. Research analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current year.
Institutional Investors Weigh In On Evolv Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in shares of Evolv Technologies by 2,428.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,527,979 shares of the company's stock worth $6,036,000 after purchasing an additional 1,467,538 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Evolv Technologies in the fourth quarter worth approximately $899,000. Vanguard Group Inc. grew its stake in Evolv Technologies by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company's stock valued at $35,256,000 after acquiring an additional 238,963 shares during the period. MIG Capital LLC acquired a new stake in Evolv Technologies in the fourth quarter valued at approximately $375,000. Finally, Northern Trust Corp increased its holdings in shares of Evolv Technologies by 6.3% during the fourth quarter. Northern Trust Corp now owns 1,136,210 shares of the company's stock valued at $4,488,000 after acquiring an additional 67,146 shares in the last quarter. 66.65% of the stock is owned by institutional investors.
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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