Evolv Technologies (NASDAQ:EVLV) Stock Price Expected to Rise, Lake Street Capital Analyst Says

Evolv Technologies (NASDAQ:EVLV) had its target price upped by analysts at Lake Street Capital from $2.75 to $4.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Lake Street Capital’s price target points to a potential downside of 4.76% from the company’s current price.

Evolv Technologies Stock Down 4.3 %

Evolv Technologies stock opened at $4.20 on Wednesday. Evolv Technologies has a 52 week low of $2.01 and a 52 week high of $4.65. The company’s 50 day moving average price is $3.29 and its two-hundred day moving average price is $3.47. The stock has a market cap of $661.71 million, a P/E ratio of -30.00 and a beta of 1.68.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EVLV. Autumn Glory Partners LLC purchased a new position in shares of Evolv Technologies in the 4th quarter worth about $40,000. B. Riley Wealth Advisors Inc. bought a new stake in Evolv Technologies in the fourth quarter worth about $40,000. Cibc World Markets Corp purchased a new position in Evolv Technologies in the fourth quarter valued at about $49,000. Virtu Financial LLC bought a new position in shares of Evolv Technologies during the 3rd quarter valued at approximately $63,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Evolv Technologies during the 1st quarter worth approximately $50,000. Institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

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.