Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives Average Rating of “Moderate Buy” from Analysts

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.1250.

Several brokerages have recently issued reports on EVLV. Lake Street Capital increased their price target on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd.

Insider Buying and Selling

In related news, Director Michael Ellenbogen sold 80,745 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $5.47, for a total transaction of $441,675.15. Following the completion of the transaction, the director owned 2,083,961 shares in the company, valued at approximately $11,399,266.67. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new position in Evolv Technologies during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after purchasing an additional 5,614 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Evolv Technologies during the 3rd quarter worth approximately $60,000. FNY Investment Advisers LLC lifted its stake in Evolv Technologies by 48.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after buying an additional 2,897 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in Evolv Technologies during the 4th quarter valued at $72,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

EVLV opened at $5.03 on Friday. The stock’s 50-day moving average price is $6.39 and its 200 day moving average price is $7.11. Evolv Technologies has a 12-month low of $2.64 and a 12-month high of $8.91. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. The firm has a market cap of $878.34 million, a price-to-earnings ratio of -13.59 and a beta of 1.86.

Evolv Technologies Company Profile

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.