Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $9.1250.

Several equities analysts recently weighed in on the stock. Lake Street Capital lifted their target price on shares of Evolv Technologies from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday. Finally, Zacks Research raised Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $6.43 on Tuesday. 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 stock has a market cap of $1.12 billion, a price-to-earnings ratio of -17.38 and a beta of 1.85. The company’s 50-day moving average price is $6.63 and its 200 day moving average price is $7.20. Evolv Technologies has a 52 week low of $2.64 and a 52 week high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.06. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%.The firm had revenue of $42.85 million during the quarter, compared to analysts’ expectations of $33.73 million. As a group, research analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current fiscal year.

Insider Transactions at Evolv Technologies

In other news, Director Richard A. Shapiro acquired 16,300 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $6.02 per share, for a total transaction of $98,126.00. Following the completion of the purchase, the director directly owned 22,500 shares of the company’s stock, valued at $135,450. This represents a 262.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock in a transaction on Friday, January 16th. The stock was sold at an average price of $6.20, for a total transaction of $500,619.00. Following the completion of the transaction, the director directly owned 2,083,961 shares of the company’s stock, valued at approximately $12,920,558.20. This represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders purchased 61,300 shares of company stock valued at $363,326. Insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Evolv Technologies

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Evolv Technologies by 17.1% during the third quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock worth $90,464,000 after purchasing an additional 1,750,073 shares during the period. Millennium Management LLC increased its stake in Evolv Technologies by 194.6% in the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock worth $31,616,000 after purchasing an additional 2,766,335 shares in the last quarter. Marshall Wace LLP raised its holdings in Evolv Technologies by 74.4% during the 2nd quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock worth $24,331,000 after buying an additional 1,662,797 shares during the period. Key Colony Management LLC raised its holdings in Evolv Technologies by 5.5% during the 3rd quarter. Key Colony Management LLC now owns 3,275,095 shares of the company’s stock worth $24,727,000 after buying an additional 170,095 shares during the period. Finally, Two Sigma Investments LP lifted its stake in Evolv Technologies by 88.3% during the third quarter. Two Sigma Investments LP now owns 2,788,704 shares of the company’s stock valued at $21,055,000 after buying an additional 1,307,955 shares in the last quarter. 66.65% of the stock is owned by institutional investors.

About Evolv Technologies

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.