Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Consensus Rating of “Moderate Buy” by Brokerages

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

EVLV has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. 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 research note on Friday, November 14th. Finally, Zacks Research upgraded shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th.

Insider Buying and Selling at Evolv Technologies

In other news, Director Richard A. Shapiro purchased 30,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was acquired at an average price of $6.00 per share, with a total value of $180,000.00. Following the purchase, the director owned 52,515 shares in the company, valued at $315,090. This represents a 133.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin M. Charlton acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average price of $5.68 per share, for a total transaction of $85,200.00. Following the acquisition, the director directly owned 44,081 shares of the company’s stock, valued at $250,380.08. The trade was a 51.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 61,300 shares of company stock worth $363,326 over the last 90 days. 11.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in Evolv Technologies in the third quarter worth $60,000. FNY Investment Advisers LLC lifted its position in shares of Evolv Technologies by 48.3% in the fourth 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 during the last quarter. Pekin Hardy Strauss Inc. acquired a new stake in shares of Evolv Technologies in the third quarter worth about $76,000. Jones Financial Companies Lllp boosted its stake 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 worth $77,000 after acquiring an additional 2,266 shares in the last quarter. Finally, Legacy Advisors LLC acquired a new position in shares of Evolv Technologies during the 3rd quarter valued at about $81,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

Shares of Evolv Technologies stock opened at $6.02 on Tuesday. Evolv Technologies has a 12 month low of $2.64 and a 12 month high of $8.91. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.05 billion, a PE ratio of -16.27 and a beta of 1.86. The business has a fifty day simple moving average of $6.67 and a 200-day simple moving average of $7.23.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $33.73 million. On average, sell-side analysts anticipate that Evolv Technologies will post -0.27 EPS for the current fiscal year.

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.