Northland Capmk Issues Negative Forecast for EVLV Earnings

Key Points

• Northland Capital Markets has revised its Q4 2025 earnings per share (EPS) estimate for Evolv Technologies down to ($0.07), from a previous estimate of ($0.06), maintaining a "Strong-Buy" rating on the stock.
• Consensus estimates currently predict Evolv Technologies will report a full-year EPS of ($0.27) with estimates for future quarters indicating continued losses, including ($0.25) for FY2026.
• Institutional investors own 66.65% of Evolv Technologies' shares, with significant increases in ownership reported by several hedge funds in the last quarters.

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) - Analysts at Northland Capmk reduced their Q4 2025 earnings estimates for Evolv Technologies in a research note issued to investors on Thursday, July 31st. Northland Capmk analyst M. Latimore now forecasts that the company will post earnings of ($0.07) per share for the quarter, down from their previous estimate of ($0.06). Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Evolv Technologies' current full-year earnings is ($0.27) per share. Northland Capmk also issued estimates for Evolv Technologies' Q1 2026 earnings at ($0.07) EPS, Q3 2026 earnings at ($0.06) EPS, Q4 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.25) EPS.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.07. The firm had revenue of $32.01 million for the quarter, compared to the consensus estimate of $26.40 million. Evolv Technologies had a negative net margin of 38.97% and a negative return on equity of 34.13%.

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

Evolv Technologies Trading Down 2.9%

EVLV stock traded down $0.21 during midday trading on Monday, hitting $6.92. The stock had a trading volume of 862,857 shares, compared to its average volume of 2,277,151. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -24.66 and a beta of 1.70. Evolv Technologies has a 52 week low of $2.04 and a 52 week high of $7.22. The stock has a 50-day simple moving average of $5.95 and a 200 day simple moving average of $4.53.

Institutional Investors Weigh In On Evolv Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of EVLV. Los Angeles Capital Management LLC bought a new position in shares of Evolv Technologies during the 2nd quarter worth approximately $817,000. Fox Run Management L.L.C. bought a new stake in Evolv Technologies during the 2nd quarter worth $124,000. Sigma Planning Corp bought a new position in shares of Evolv Technologies during the 2nd quarter worth about $807,000. First Bank & Trust raised its stake in Evolv Technologies by 15.8% in the 2nd quarter. First Bank & Trust now owns 48,774 shares of the company's stock valued at $304,000 after acquiring an additional 6,639 shares during the period. Finally, Key Colony Management LLC lifted its holdings in shares of Evolv Technologies by 2.0% during the 2nd quarter. Key Colony Management LLC now owns 3,105,000 shares of the company's stock worth $19,375,000 after acquiring an additional 62,000 shares during the last quarter. 66.65% of the stock is currently owned by institutional investors.

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.