Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 5,513 call options on the stock. This represents an increase of 1,690% compared to the typical volume of 308 call options.
Evolv Technologies Stock Performance
NASDAQ EVLV traded down $0.02 during trading on Friday, hitting $5.44. The stock had a trading volume of 2,934,222 shares, compared to its average volume of 1,980,298. The company has a market capitalization of $892.14 million, a PE ratio of -38.85 and a beta of 1.61. The company's 50-day moving average price is $4.05 and its two-hundred day moving average price is $3.76. Evolv Technologies has a 12 month low of $2.04 and a 12 month high of $6.16.
Evolv Technologies (NASDAQ:EVLV - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.07. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. The company had revenue of $32.01 million for the quarter, compared to analysts' expectations of $26.40 million. As a group, equities analysts anticipate that Evolv Technologies will post -0.27 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Evolv Technologies
A number of institutional investors and hedge funds have recently made changes to their positions in EVLV. SCS Capital Management LLC bought a new stake in shares of Evolv Technologies during the 1st quarter worth approximately $15,061,000. Marshall Wace LLP raised its stake in shares of Evolv Technologies by 317.1% during the 4th quarter. Marshall Wace LLP now owns 3,275,025 shares of the company's stock worth $12,936,000 after purchasing an additional 2,489,825 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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. Vanguard Group Inc. increased its holdings in shares of Evolv Technologies by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 9,402,716 shares of the company's stock worth $29,336,000 after acquiring an additional 477,124 shares during the last quarter. Finally, Josh Arnold Investment Consultant LLC acquired a new position in shares of Evolv Technologies during the 1st quarter worth approximately $1,248,000. Institutional investors own 66.65% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on EVLV shares. Cantor Fitzgerald upgraded Evolv Technologies to a "strong-buy" rating in a research note on Wednesday, May 21st. Lake Street Capital raised their price target on Evolv Technologies from $4.00 to $5.50 and gave the company a "hold" rating in a report on Wednesday, May 21st. Northland Securities upgraded Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price target 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. Finally, Wall Street Zen upgraded Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Evolv Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $6.50.
View Our Latest Stock Report on Evolv Technologies
About Evolv Technologies
(
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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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