BNP Paribas Financial Markets Invests $75,000 in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

BNP Paribas Financial Markets acquired a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,006 shares of the company’s stock, valued at approximately $75,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Autumn Glory Partners LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter worth $40,000. Cibc World Markets Corp acquired a new stake in shares of Evolv Technologies in the fourth quarter worth $49,000. Clare Market Investments LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter worth $71,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Evolv Technologies in the fourth quarter worth $73,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Evolv Technologies in the fourth quarter worth $74,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Analysts Set New Price Targets

EVLV has been the topic of several analyst reports. Northland Capmk upgraded shares of Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 20th. Northland Securities upgraded shares of Evolv Technologies from a “market perform” rating to an “outperform” rating and set a $7.50 price target on the stock in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Lake Street Capital raised their price target on shares of Evolv Technologies from $4.00 to $5.50 and gave the company a “hold” rating in a research report on Wednesday, May 21st. Finally, Cantor Fitzgerald upgraded shares of Evolv Technologies to a “strong-buy” rating in a research report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Evolv Technologies presently has an average rating of “Moderate Buy” and an average target price of $6.50.

Evolv Technologies Stock Down 0.4%

Shares of NASDAQ EVLV opened at $5.44 on Monday. The company’s 50-day simple moving average is $4.05 and its 200-day simple moving average is $3.76. Evolv Technologies Holdings, Inc. has a 52-week low of $2.04 and a 52-week high of $6.16. The firm has a market cap of $892.14 million, a price-to-earnings ratio of -38.85 and a beta of 1.61.

Evolv Technologies (NASDAQ:EVLV) last announced its earnings results on Tuesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.07. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. The business had revenue of $32.01 million for the quarter, compared to analyst estimates of $26.40 million. Equities research analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current fiscal year.

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.