Northland Capmk Issues Negative Outlook for EVLV Earnings

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) – Research analysts at Northland Capmk dropped their Q4 2025 earnings per share (EPS) estimates for shares of Evolv Technologies in a research note issued to investors on Thursday, July 31st. Northland Capmk analyst M. Latimore now expects that the company will post earnings per share of ($0.07) for the quarter, down from their prior forecast of ($0.06). Northland Capmk 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.

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

Evolv Technologies Stock Up 3.1%

NASDAQ:EVLV opened at $6.75 on Monday. Evolv Technologies has a 12-month low of $2.04 and a 12-month high of $7.09. The firm has a market capitalization of $1.11 billion, a P/E ratio of -24.11 and a beta of 1.70. The stock’s fifty day simple moving average is $5.86 and its 200-day simple moving average is $4.47.

Evolv Technologies (NASDAQ:EVLV) last released its earnings results on Tuesday, May 20th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The company had revenue of $32.01 million during the quarter, compared to analysts’ expectations of $26.40 million. Evolv Technologies had a negative return on equity of 34.13% and a negative net margin of 38.97%.

Hedge Funds Weigh In On Evolv Technologies

A number of institutional investors have recently bought and sold shares of EVLV. First Bank & Trust grew its position in shares of Evolv Technologies by 15.8% in the second quarter. First Bank & Trust now owns 48,774 shares of the company’s stock valued at $304,000 after purchasing an additional 6,639 shares during the last quarter. Key Colony Management LLC grew its position in shares of Evolv Technologies by 2.0% in the second quarter. Key Colony Management LLC now owns 3,105,000 shares of the company’s stock valued at $19,375,000 after purchasing an additional 62,000 shares during the last quarter. Militia Capital Partners LP grew its position in shares of Evolv Technologies by 108.0% in the first quarter. Militia Capital Partners LP now owns 260,000 shares of the company’s stock valued at $811,000 after purchasing an additional 135,000 shares during the last quarter. Rhumbline Advisers grew its position in shares of Evolv Technologies by 5.3% in the first quarter. Rhumbline Advisers now owns 178,391 shares of the company’s stock valued at $557,000 after purchasing an additional 8,967 shares during the last quarter. Finally, SCS Capital Management LLC acquired a new position in shares of Evolv Technologies in the first quarter valued at approximately $15,061,000. Institutional investors and hedge funds 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.