Evolv Technologies (NASDAQ:EVLV) Now Covered by LADENBURG THALM/SH SH

Equities research analysts at LADENBURG THALM/SH SH initiated coverage on shares of Evolv Technologies (NASDAQ:EVLV) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $8.00 price target on the stock. LADENBURG THALM/SH SH’s price target points to a potential upside of 60.00% from the stock’s previous close.

A number of other equities analysts have also weighed in on EVLV. Craig Hallum restated a “buy” rating and issued a $11.25 price objective on shares of Evolv Technologies in a report on Wednesday, August 12th. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. Wall Street Zen raised Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. TD Cowen reiterated a “buy” rating and issued a $10.00 price objective on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Zacks Research lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $9.81.

Evolv Technologies Stock Performance

Shares of Evolv Technologies stock opened at $5.00 on Tuesday. Evolv Technologies has a 1 year low of $4.86 and a 1 year high of $8.81. The firm’s 50-day moving average is $5.64 and its 200 day moving average is $5.85. The stock has a market cap of $905.65 million, a price-to-earnings ratio of -166.67 and a beta of 1.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.11.

Evolv Technologies (NASDAQ:EVLV) last issued its earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The firm had revenue of $43.75 million during the quarter, compared to the consensus estimate of $41.80 million. Sell-side analysts anticipate that Evolv Technologies will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Evolv Technologies

A number of hedge funds have recently modified their holdings of the business. 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 increased its position in Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after buying an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Evolv Technologies by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock worth $58,000 after buying an additional 2,500 shares during the period. AlphaCore Capital LLC bought a new position in shares of Evolv Technologies in the fourth quarter worth about $72,000. Finally, Cibc World Markets Corp purchased a new position in shares of Evolv Technologies during the 4th quarter valued at about $72,000. Institutional investors own 66.65% of the company’s stock.

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.