Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $9.13 Average PT from Brokerages

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $9.1250.

EVLV has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a report on Wednesday, October 8th. Lake Street Capital raised their price objective on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Finally, Zacks Research upgraded Evolv Technologies from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th.

Insider Buying and Selling

In other Evolv Technologies news, Director Richard A. Shapiro acquired 16,300 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $6.02 per share, for a total transaction of $98,126.00. Following the completion of the transaction, the director owned 22,500 shares of the company’s stock, valued at $135,450. The trade was a 262.90% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kevin M. Charlton purchased 15,000 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was bought at an average price of $5.68 per share, with a total value of $85,200.00. Following the acquisition, the director directly owned 44,081 shares in the company, valued at approximately $250,380.08. This represents a 51.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 61,300 shares of company stock worth $363,326 and have sold 440,745 shares worth $3,618,954. 11.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Evolv Technologies

Several hedge funds have recently added to or reduced their stakes in the business. PDT Partners LLC bought a new position in Evolv Technologies during the first quarter valued at about $57,000. State of Alaska Department of Revenue bought a new stake in Evolv Technologies in the third quarter worth about $60,000. Pekin Hardy Strauss Inc. acquired a new stake in Evolv Technologies in the 3rd quarter valued at about $76,000. Jones Financial Companies Lllp boosted its position in shares of Evolv Technologies by 29.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after purchasing an additional 2,266 shares in the last quarter. Finally, CW Advisors LLC boosted its position in shares of Evolv Technologies by 19.0% during the 2nd quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after purchasing an additional 2,014 shares in the last quarter. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Evolv Technologies Stock Performance

NASDAQ:EVLV opened at $6.70 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.27. Evolv Technologies has a fifty-two week low of $2.64 and a fifty-two week high of $8.91. The stock has a market capitalization of $1.17 billion, a PE ratio of -18.11 and a beta of 1.85. The company has a fifty day moving average of $6.79 and a two-hundred day moving average of $7.12.

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

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.