Nuveen LLC Acquires Shares of 313,128 Evolv Technologies Holdings, Inc. $EVLV

Nuveen LLC acquired a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 313,128 shares of the company's stock, valued at approximately $977,000. Nuveen LLC owned 0.19% of Evolv Technologies at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP bought a new position in Evolv Technologies in the 4th quarter valued at $899,000. Vanguard Group Inc. boosted its holdings in Evolv Technologies by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 9,402,716 shares of the company's stock valued at $29,336,000 after purchasing an additional 477,124 shares during the period. Northern Trust Corp boosted its holdings in Evolv Technologies by 6.3% in the 4th quarter. Northern Trust Corp now owns 1,136,210 shares of the company's stock valued at $4,488,000 after purchasing an additional 67,146 shares during the period. Teacher Retirement System of Texas bought a new position in Evolv Technologies in the 1st quarter valued at $50,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Evolv Technologies during the 4th quarter valued at $84,000. 66.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EVLV shares. Cantor Fitzgerald raised their price objective on shares of Evolv Technologies from $7.00 to $9.00 and gave the company an "overweight" rating in a research report on Friday, August 15th. Lake Street Capital upgraded shares of Evolv Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $5.50 to $9.00 in a research report on Friday, August 15th. Northland Capmk upgraded shares of Evolv Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 20th. TD Cowen restated a "buy" rating and set a $10.00 price objective on shares of Evolv Technologies in a research report on Friday, August 15th. Finally, Northland Securities upgraded shares of Evolv Technologies from a "market perform" rating to an "outperform" rating and set a $7.50 price objective on the stock in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Evolv Technologies has a consensus rating of "Moderate Buy" and an average target price of $8.88.

Evolv Technologies Stock Performance

NASDAQ:EVLV traded down $0.08 during trading hours on Thursday, reaching $7.89. The company's stock had a trading volume of 3,911,058 shares, compared to its average volume of 2,456,959. The firm has a 50-day simple moving average of $6.90 and a 200-day simple moving average of $5.08. Evolv Technologies Holdings, Inc. has a 1 year low of $2.04 and a 1 year high of $8.91. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -14.35 and a beta of 1.71.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.16). Evolv Technologies had a negative net margin of 73.04% and a negative return on equity of 76.80%. The firm had revenue of $26.68 million during the quarter, compared to analysts' expectations of $30.95 million. Evolv Technologies has set its FY 2025 guidance at EPS. Equities analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal 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.