Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) saw unusually large options trading on Tuesday. Stock investors bought 5,513 call options on the company. This is an increase of approximately 1,690% compared to the average daily volume of 308 call options.
Hedge Funds Weigh In On Evolv Technologies
A number of large investors have recently bought and sold shares of the business. Militia Capital Partners LP raised its holdings in Evolv Technologies by 108.0% in the 1st quarter. Militia Capital Partners LP now owns 260,000 shares of the company's stock worth $811,000 after purchasing an additional 135,000 shares during the period. Rhumbline Advisers raised its holdings in Evolv Technologies by 5.3% in the 1st quarter. Rhumbline Advisers now owns 178,391 shares of the company's stock worth $557,000 after purchasing an additional 8,967 shares during the period. SCS Capital Management LLC acquired a new position in Evolv Technologies in the 1st quarter worth about $15,061,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Evolv Technologies by 6.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company's stock worth $249,000 after purchasing an additional 5,050 shares during the period. Finally, Josh Arnold Investment Consultant LLC acquired a new position in Evolv Technologies in the 1st quarter worth about $1,248,000. Institutional investors and hedge funds own 66.65% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Lake Street Capital lifted their price target on Evolv Technologies from $4.00 to $5.50 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Northland Capmk raised Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th. Northland Securities raised Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price objective for the company in a report on Wednesday, May 21st. Cantor Fitzgerald raised Evolv Technologies to a "strong-buy" rating in a report on Wednesday, May 21st. Finally, Wall Street Zen raised Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $6.50.
Check Out Our Latest Report on EVLV
Evolv Technologies Stock Up 2.5%
Shares of EVLV stock opened at $6.21 on Wednesday. The stock has a market cap of $1.02 billion, a PE ratio of -22.18 and a beta of 1.68. The business has a 50-day simple moving average of $4.84 and a 200-day simple moving average of $3.99. Evolv Technologies has a 52-week low of $2.04 and a 52-week high of $6.25.
Evolv Technologies (NASDAQ:EVLV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $32.01 million during the quarter, compared to analysts' expectations of $26.40 million. Evolv Technologies had a negative return on equity of 34.13% and a negative net margin of 38.97%. Sell-side analysts anticipate that Evolv Technologies will post -0.27 earnings per share for the current fiscal year.
Evolv Technologies Company Profile
(
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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