Nuveen Asset Management LLC Trims Holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Nuveen Asset Management LLC lowered its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) by 63.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 313,128 shares of the company's stock after selling 547,010 shares during the period. Nuveen Asset Management LLC owned about 0.20% of Evolv Technologies worth $1,237,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Autumn Glory Partners LLC bought a new stake in Evolv Technologies during the fourth quarter worth about $40,000. Cibc World Markets Corp bought a new stake in Evolv Technologies during the fourth quarter worth about $49,000. Clare Market Investments LLC bought a new stake in Evolv Technologies during the fourth quarter worth about $71,000. KLP Kapitalforvaltning AS bought a new stake in shares of Evolv Technologies in the 4th quarter valued at about $73,000. Finally, Ameriprise Financial Inc. bought a new stake in shares of Evolv Technologies in the 4th quarter valued at about $74,000. Institutional investors own 66.65% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on EVLV. Northland Securities raised Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 target price for the company in a research note on Wednesday, May 21st. Wall Street Zen raised Evolv Technologies from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Cantor Fitzgerald raised Evolv Technologies to a "strong-buy" rating in a research note on Wednesday, May 21st. Northland Capmk raised Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 20th. Finally, Lake Street Capital boosted 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, May 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Evolv Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.50.

Evolv Technologies Price Performance

NASDAQ:EVLV traded up $0.22 during mid-day trading on Friday, reaching $5.52. 2,201,579 shares of the company's stock traded hands, compared to its average volume of 2,002,923. Evolv Technologies Holdings, Inc. has a 12-month low of $2.04 and a 12-month high of $6.16. The firm has a market capitalization of $905.26 million, a price-to-earnings ratio of -39.43 and a beta of 1.68. The company has a 50 day moving average price of $4.28 and a 200-day moving average price of $3.86.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last announced its quarterly 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. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. The company had revenue of $32.01 million for the quarter, compared to the consensus estimate of $26.40 million. As a group, analysts forecast that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.

Evolv Technologies 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.