Vanguard Group Inc. Purchases 477,124 Shares of Evolv Technologies Holdings, Inc. $EVLV

Vanguard Group Inc. raised its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,402,716 shares of the company’s stock after purchasing an additional 477,124 shares during the quarter. Vanguard Group Inc. owned about 5.75% of Evolv Technologies worth $29,336,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new position in Evolv Technologies during the 4th quarter valued at approximately $40,000. Teacher Retirement System of Texas acquired a new position in Evolv Technologies during the 1st quarter valued at approximately $50,000. Ameriprise Financial Inc. acquired a new position in Evolv Technologies during the 4th quarter valued at approximately $74,000. BNP Paribas Financial Markets acquired a new position in Evolv Technologies during the 4th quarter valued at approximately $75,000. Finally, NewEdge Advisors LLC acquired a new position in Evolv Technologies during the 4th quarter valued at approximately $76,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Analysts Set New Price Targets

EVLV has been the topic of a number of recent analyst reports. Lake Street Capital upgraded shares of Evolv Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $5.50 to $9.00 in a research note on Friday, August 15th. Northland Capmk upgraded shares of Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 20th. Northland Securities raised shares of Evolv Technologies from a “market perform” rating to an “outperform” rating and set a $7.50 price objective on the stock in a report on Wednesday, May 21st. Wall Street Zen raised shares of Evolv Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Cantor Fitzgerald upped their price objective on shares of Evolv Technologies from $7.00 to $9.00 and gave the company an “overweight” rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $8.88.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $8.38 on Thursday. The company’s fifty day moving average price is $6.67 and its 200 day moving average price is $4.94. Evolv Technologies Holdings, Inc. has a 1 year low of $2.04 and a 1 year high of $8.91. The company has a market capitalization of $1.44 billion, a PE ratio of -15.24 and a beta of 1.70.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings results on Thursday, August 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.16). Evolv Technologies had a negative return on equity of 76.80% and a negative net margin of 73.04%.The firm had revenue of $26.68 million for the quarter, compared to analysts’ expectations of $30.95 million. Evolv Technologies has set its FY 2025 guidance at EPS. On average, equities analysts expect that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.

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.