Evolv Technologies (NASDAQ:EVLV) Receives Buy Rating from TD Cowen

Evolv Technologies (NASDAQ:EVLV)‘s stock had its “buy” rating reiterated by analysts at TD Cowen in a note issued to investors on Tuesday,Benzinga reports. They presently have a $10.00 price objective on the stock. TD Cowen’s target price would suggest a potential upside of 66.53% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9.67.

Evolv Technologies Stock Performance

Shares of EVLV stock traded up $0.19 on Tuesday, reaching $6.01. The stock had a trading volume of 641,932 shares, compared to its average volume of 2,940,473. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.21. Evolv Technologies has a 1 year low of $4.86 and a 1 year high of $8.91. The stock has a market cap of $1.08 billion, a P/E ratio of -26.11 and a beta of 1.76. The company has a 50 day simple moving average of $6.35 and a 200 day simple moving average of $6.21.

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

Hedge Funds Weigh In On Evolv Technologies

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Evolv Technologies by 15.0% during the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock valued at $98,700,000 after acquiring an additional 1,802,928 shares in the last quarter. Stoic Point Capital Management LLC boosted its holdings in shares of Evolv Technologies by 1.4% during the 1st quarter. Stoic Point Capital Management LLC now owns 5,765,507 shares of the company’s stock valued at $34,881,000 after purchasing an additional 77,751 shares during the last quarter. Emerald Advisers LLC grew its position in shares of Evolv Technologies by 3.9% during the first quarter. Emerald Advisers LLC now owns 4,333,055 shares of the company’s stock valued at $26,215,000 after purchasing an additional 161,812 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Evolv Technologies by 194.6% in the third 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 during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Evolv Technologies by 17.9% in the fourth quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock worth $26,357,000 after purchasing an additional 557,703 shares during the last quarter. Hedge funds and other 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.