Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) saw some unusual options trading activity on Tuesday. Investors purchased 5,513 call options on the stock. This is an increase of 1,690% compared to the typical daily volume of 308 call options.
Institutional Investors Weigh In On Evolv Technologies
Several institutional investors have recently modified their holdings of the company. SCS Capital Management LLC purchased a new position in Evolv Technologies in the 1st quarter valued at approximately $15,061,000. Marshall Wace LLP grew its holdings in Evolv Technologies by 317.1% in the fourth quarter. Marshall Wace LLP now owns 3,275,025 shares of the company's stock valued at $12,936,000 after purchasing an additional 2,489,825 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Evolv Technologies by 2,428.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,527,979 shares of the company's stock valued at $6,036,000 after purchasing an additional 1,467,538 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Evolv Technologies by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,402,716 shares of the company's stock valued at $29,336,000 after buying an additional 477,124 shares in the last quarter. Finally, Josh Arnold Investment Consultant LLC acquired a new position in shares of Evolv Technologies during the 1st quarter worth $1,248,000. Hedge funds and other institutional investors own 66.65% of the company's stock.
Evolv Technologies Price Performance
Shares of NASDAQ EVLV traded down $0.17 during trading on Thursday, hitting $5.35. 873,307 shares of the company were exchanged, compared to its average volume of 2,014,912. Evolv Technologies has a 1 year low of $2.04 and a 1 year high of $6.16. The company has a market cap of $877.38 million, a price-to-earnings ratio of -38.21 and a beta of 1.68. The firm's fifty day moving average price is $4.43 and its 200 day moving average price is $3.90.
Evolv Technologies (NASDAQ:EVLV - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. The firm had revenue of $32.01 million during the quarter, compared to analysts' expectations of $26.40 million. On average, research analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current year.
Analysts Set New Price Targets
EVLV has been the subject of several recent analyst reports. Cantor Fitzgerald upgraded shares of Evolv Technologies to a "strong-buy" rating 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 report on Thursday, May 22nd. Northland Capmk upgraded shares of Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research 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 on the stock in a report on Wednesday, May 21st. Finally, Lake Street Capital increased their target price on Evolv Technologies from $4.00 to $5.50 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $6.50.
View Our Latest Stock Report on EVLV
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.
Further Reading
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