Empowered Funds LLC Takes Position in Evolv Technologies Holdings, Inc. $EVLV

Key Points

• Empowered Funds LLC acquired 173,222 shares of Evolv Technologies, valued at approximately $1.05 million, giving it a 0.10% stake. Institutional investors and hedge funds collectively own 66.65% of EVLV.
• Evolv reported quarterly revenue of $43.75 million, exceeding estimates of $41.80 million, but its loss of $0.05 per share missed the expected $0.03 loss. Analysts project a full-year loss of $0.18 per share.
• EVLV opened at $5.80, well below its average analyst price target of $10.42. Analyst sentiment is mixed, with three Buy ratings, one Hold, and one Sell, resulting in an overall MarketBeat rating of “Hold.”

Empowered Funds LLC acquired a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 173,222 shares of the company's stock, valued at approximately $1,048,000. Empowered Funds LLC owned approximately 0.10% of Evolv Technologies as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EVLV. IFC & Insurance Marketing Inc. purchased a new position in Evolv Technologies in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company's stock worth $49,000 after acquiring an additional 5,614 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in Evolv Technologies in the fourth quarter valued at approximately $72,000. Cibc World Markets Corp acquired a new stake in Evolv Technologies during the 4th quarter worth approximately $72,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in shares of Evolv Technologies in the 4th quarter worth $79,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Evolv Technologies Stock Performance

EVLV opened at $5.80 on Monday. Evolv Technologies Holdings, Inc. has a 1-year low of $4.86 and a 1-year high of $8.91. 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 business has a 50 day moving average price of $5.80 and a two-hundred day moving average price of $5.91. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -193.33 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The business had revenue of $43.75 million during the quarter, compared to the consensus estimate of $41.80 million. Research analysts predict that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EVLV has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Evolv Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 2nd. Craig Hallum reaffirmed a "buy" rating and set a $11.25 price target on shares of Evolv Technologies in a research report on Wednesday. TD Cowen reiterated a "buy" rating and set a $10.00 price objective on shares of Evolv Technologies in a research note on Tuesday, June 9th. Finally, Zacks Research downgraded shares of Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.42.

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.

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