Evolv Technologies (NASDAQ:EVLV) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Evolv Technologies (NASDAQ:EVLV) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings cut shares of Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $9.67.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $6.31 on Tuesday. The firm has a fifty day moving average price of $6.24 and a 200-day moving average price of $6.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.14. The stock has a market cap of $1.13 billion, a PE ratio of -27.43 and a beta of 1.82. Evolv Technologies has a 1 year low of $4.86 and a 1 year high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $46.33 million during the quarter, compared to analysts’ expectations of $44.23 million. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. Equities analysts anticipate that Evolv Technologies will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Ellenbogen sold 91,771 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.10, for a total transaction of $468,032.10. Following the completion of the transaction, the director directly owned 2,083,961 shares of the company’s stock, valued at approximately $10,628,201.10. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.30% of the company’s stock.

Hedge Funds Weigh In On Evolv Technologies

Institutional investors have recently bought and sold shares of the stock. IFC & Insurance Marketing Inc. purchased a new position in Evolv Technologies during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its stake in Evolv Technologies by 471.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after acquiring an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC grew its stake in shares of Evolv Technologies by 48.3% in the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after buying an additional 2,897 shares in the last quarter. Pekin Hardy Strauss Inc. purchased a new position in shares of Evolv Technologies in the 3rd quarter worth $76,000. Finally, AlphaCore Capital LLC bought a new stake in shares of Evolv Technologies in the 4th quarter worth about $72,000. 66.65% of the stock is owned by hedge funds and other 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.