Nuveen Asset Management LLC Has $1.24 Million Stock Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Nuveen Asset Management LLC lowered its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 63.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 313,128 shares of the company's stock after selling 547,010 shares during the quarter. Nuveen Asset Management LLC owned about 0.20% of Evolv Technologies worth $1,237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVLV. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 238,963 shares during the last quarter. Edge Capital Group LLC lifted its position in Evolv Technologies by 0.8% during the 4th quarter. Edge Capital Group LLC now owns 4,835,206 shares of the company's stock worth $19,099,000 after acquiring an additional 36,400 shares during the last quarter. Marshall Wace LLP lifted its position in 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 acquiring an additional 2,489,825 shares during the last quarter. CenterBook Partners LP boosted its holdings in Evolv Technologies by 15.0% during the fourth quarter. CenterBook Partners LP now owns 3,008,643 shares of the company's stock valued at $11,884,000 after acquiring an additional 393,563 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Evolv Technologies by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,856,173 shares of the company's stock valued at $11,284,000 after purchasing an additional 35,426 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EVLV. Northland Capmk raised Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. Northland Securities upgraded Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price target for the company in a report on Wednesday, May 21st. Cantor Fitzgerald raised Evolv Technologies to a "strong-buy" rating in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Evolv Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Lake Street Capital upped their target price on shares of Evolv Technologies from $4.00 to $5.50 and gave the company a "hold" rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Evolv Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $6.50.

Evolv Technologies Stock Up 4.2%

Evolv Technologies stock traded up $0.22 during trading hours on Friday, hitting $5.52. The stock had a trading volume of 2,201,029 shares, compared to its average volume of 1,994,462. The company has a 50-day moving average of $4.23 and a two-hundred day moving average of $3.82. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.04 and a fifty-two week high of $6.16. The company has a market cap of $905.26 million, a PE ratio of -39.43 and a beta of 1.68.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings data 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 business 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%. As a group, analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current fiscal year.

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.