Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Holdings Raised by Northern Trust Corp

Northern Trust Corp lifted its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,136,210 shares of the company's stock after buying an additional 67,146 shares during the quarter. Northern Trust Corp owned approximately 0.72% of Evolv Technologies worth $4,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Marshall Wace LLP boosted 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 worth $12,936,000 after purchasing an additional 2,489,825 shares during the period. JPMorgan Chase & Co. boosted 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 worth $6,036,000 after purchasing an additional 1,467,538 shares during the period. CenterBook Partners LP boosted its holdings in Evolv Technologies by 15.0% in the fourth quarter. CenterBook Partners LP now owns 3,008,643 shares of the company's stock worth $11,884,000 after purchasing an additional 393,563 shares during the period. Vanguard Group Inc. boosted its holdings in Evolv Technologies by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company's stock worth $35,256,000 after purchasing an additional 238,963 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in Evolv Technologies in the fourth quarter worth $899,000. Institutional investors and hedge funds own 66.65% of the company's stock.

Evolv Technologies Stock Down 5.0%

EVLV stock traded down $0.30 during mid-day trading on Friday, reaching $5.71. The company had a trading volume of 6,503,935 shares, compared to its average volume of 1,927,057. The stock has a market capitalization of $933.41 million, a P/E ratio of -40.78 and a beta of 1.61. Evolv Technologies Holdings, Inc. has a one year low of $2.04 and a one year high of $6.16. The stock's 50-day simple moving average is $3.80 and its two-hundred day simple moving average is $3.64.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.07. The company had revenue of $32.01 million for the quarter, compared to analysts' expectations of $26.40 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. On average, research analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVLV has been the subject of a number of research reports. Wall Street Zen raised shares of Evolv Technologies from a "sell" rating to a "hold" rating in a report on Thursday. Northland Capmk raised shares of Evolv Technologies from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Northland Securities raised shares of 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. Cantor Fitzgerald raised shares of Evolv Technologies to a "strong-buy" rating in a report on Wednesday. Finally, Lake Street Capital raised their target price on Evolv Technologies from $4.00 to $5.50 and gave the company a "hold" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.50.

Evolv Technologies Company Profile

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.