Militia Capital Management LLC Makes New Investment in Evolv Technologies Holdings, Inc. $EVLV

Militia Capital Management LLC acquired a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 450,000 shares of the company’s stock, valued at approximately $2,722,000.

Several other large investors have also made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Evolv Technologies by 320.0% in the first quarter. Bank of America Corp DE now owns 677,944 shares of the company’s stock worth $4,102,000 after acquiring an additional 516,523 shares during the period. Janus Henderson Group PLC lifted its position in Evolv Technologies by 76.4% during the first quarter. Janus Henderson Group PLC now owns 76,231 shares of the company’s stock valued at $462,000 after purchasing an additional 33,019 shares during the period. Stoic Point Capital Management LLC lifted its position in Evolv Technologies by 1.4% during the first 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 period. Empowered Funds LLC purchased a new stake in Evolv Technologies in the first quarter valued at $1,048,000. Finally, Evelyn Partners Investment Management LLP purchased a new stake in Evolv Technologies in the first quarter valued at $115,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVLV has been the subject of several analyst reports. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. TD Cowen reaffirmed a “buy” rating and set a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $9.67.

Evolv Technologies Price Performance

NASDAQ:EVLV opened at $5.53 on Monday. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.91. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $994.68 million, a PE ratio of -24.04 and a beta of 1.80. The stock’s 50-day moving average price is $5.90 and its 200-day moving average price is $5.95.

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