ProShare Advisors LLC Buys 12,573 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

ProShare Advisors LLC increased its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 50.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,261 shares of the company’s stock after acquiring an additional 12,573 shares during the quarter. ProShare Advisors LLC’s holdings in Evolv Technologies were worth $147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Marshall Wace LLP raised its holdings in shares of Evolv Technologies by 317.1% during the fourth quarter. Marshall Wace LLP now owns 3,275,025 shares of the company’s stock valued at $12,936,000 after purchasing an additional 2,489,825 shares during the period. JPMorgan Chase & Co. raised its stake in Evolv Technologies by 2,428.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,527,979 shares of the company’s stock worth $6,036,000 after buying an additional 1,467,538 shares during the period. CenterBook Partners LP raised its stake in Evolv Technologies by 15.0% during the 4th quarter. CenterBook Partners LP now owns 3,008,643 shares of the company’s stock worth $11,884,000 after buying an additional 393,563 shares during the period. Vanguard Group Inc. boosted its holdings in Evolv Technologies by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 8,925,592 shares of the company’s stock worth $35,256,000 after acquiring an additional 238,963 shares in the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in Evolv Technologies in the fourth quarter valued at approximately $899,000. 66.65% of the stock is owned by institutional investors.

Evolv Technologies Trading Down 1.3%

Shares of Evolv Technologies stock opened at $5.39 on Tuesday. The company has a market capitalization of $883.94 million, a P/E ratio of -38.50 and a beta of 1.61. The stock has a fifty day simple moving average of $4.09 and a 200 day simple moving average of $3.78. Evolv Technologies Holdings, Inc. has a 12-month low of $2.04 and a 12-month high of $6.16.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, May 20th. The company reported ($0.01) earnings per share (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 21.42% and a negative return on equity of 28.57%. On average, analysts predict that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVLV. Northland Capmk raised Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 20th. Wall Street Zen raised shares of Evolv Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Cantor Fitzgerald upgraded shares of Evolv Technologies to a “strong-buy” rating in a report on Wednesday, May 21st. Lake Street Capital upped their target price on shares of Evolv Technologies from $4.00 to $5.50 and gave the stock a “hold” rating in a report on Wednesday, May 21st. Finally, Northland Securities raised 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.50.

Evolv Technologies 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.