Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives Consensus Rating of “Hold” from Analysts

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have received a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.60.

Several research firms have recently issued reports on EVLV. TD Cowen lowered shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. Northland Capmk cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Lake Street Capital reduced their target price on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, Northland Securities lowered Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Evolv Technologies by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company’s stock worth $245,000 after acquiring an additional 4,756 shares during the period. Virtu Financial LLC purchased a new stake in Evolv Technologies during the 3rd quarter worth about $63,000. Barclays PLC boosted its stake in Evolv Technologies by 352.3% in the 3rd quarter. Barclays PLC now owns 211,551 shares of the company’s stock worth $856,000 after purchasing an additional 164,775 shares during the period. Geode Capital Management LLC grew its holdings in Evolv Technologies by 14.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after buying an additional 355,611 shares in the last quarter. Finally, Wexford Capital LP purchased a new stake in shares of Evolv Technologies in the third quarter worth about $810,000. 66.65% of the stock is owned by institutional investors.

Evolv Technologies Stock Down 4.9 %

EVLV stock opened at $3.09 on Friday. The stock’s 50 day moving average is $3.48 and its 200-day moving average is $3.48. Evolv Technologies has a twelve month low of $2.01 and a twelve month high of $5.73. The firm has a market capitalization of $486.83 million, a PE ratio of -22.07 and a beta of 1.66.

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.