Wedmont Private Capital Acquires New Holdings in Evolv Technologies Holdings, Inc. $EVLV

Key Points

• Wedmont Private Capital acquired 277,078 Evolv Technologies shares during the second quarter, worth approximately $1.64 million and representing about 0.15% of the company. Institutional investors and hedge funds collectively own 66.65% of EVLV.
• Evolv reported quarterly revenue of $43.75 million, exceeding the $41.80 million consensus estimate, but posted an adjusted loss of $0.05 per share versus expectations of a $0.03 loss.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell; the stock carries an overall “Hold” rating and an average price target of $10.42, compared with a recent price of $5.00.

Wedmont Private Capital acquired a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 277,078 shares of the company's stock, valued at approximately $1,640,000. Wedmont Private Capital owned approximately 0.15% of Evolv Technologies at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EVLV. IFC & Insurance Marketing Inc. acquired a new position in Evolv Technologies during the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Evolv Technologies by 471.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company's stock valued at $49,000 after purchasing an additional 5,614 shares during the period. FNY Investment Advisers LLC increased its stake in Evolv Technologies by 33.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company's stock worth $58,000 after buying an additional 2,500 shares during the period. AlphaCore Capital LLC acquired a new position in shares of Evolv Technologies in the fourth quarter worth about $72,000. Finally, Cibc World Markets Corp acquired a new position in shares of Evolv Technologies in the 4th quarter valued at approximately $72,000. Institutional investors and hedge funds own 66.65% of the company's stock.

Evolv Technologies Price Performance

Evolv Technologies stock opened at $5.00 on Tuesday. Evolv Technologies Holdings, Inc. has a 1-year low of $4.86 and a 1-year high of $8.81. The firm's fifty day simple moving average is $5.64 and its 200-day simple moving average is $5.85. The company has a market capitalization of $905.65 million, a P/E ratio of -166.67 and a beta of 1.80. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) earnings per share (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 firm had revenue of $43.75 million for the quarter, compared to the consensus estimate of $41.80 million. Sell-side analysts forecast that Evolv Technologies Holdings, Inc. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Craig Hallum restated a "buy" rating and set a $11.25 price objective on shares of Evolv Technologies in a research note on Wednesday, August 12th. Wall Street Zen upgraded shares of Evolv Technologies from a "sell" rating to a "hold" rating in a research report on Sunday, August 30th. Zacks Research lowered Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Weiss Ratings raised shares of Evolv Technologies from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 2nd. Finally, TD Cowen restated a "buy" rating and issued a $10.00 price objective on shares of Evolv Technologies in a report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Evolv Technologies currently has an average rating of "Hold" and an average target price 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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