Evolv Technologies (NASDAQ:EVLV) Stock Rating Lowered by Wall Street Zen

Evolv Technologies (NASDAQ:EVLV) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

EVLV has been the subject of several other reports. Craig Hallum reissued a “buy” rating and set a $11.25 price objective on shares of Evolv Technologies in a report on Wednesday, August 12th. Zacks Research lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, TD Cowen reiterated a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.42.

Evolv Technologies Stock Performance

NASDAQ EVLV opened at $5.34 on Friday. The company has a market capitalization of $967.23 million, a PE ratio of -178.00 and a beta of 1.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.11 and a current ratio of 1.18. Evolv Technologies has a 52-week low of $4.86 and a 52-week high of $8.81. The company has a 50-day simple moving average of $5.74 and a 200 day simple moving average of $5.88.

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

Institutional Trading of Evolv Technologies

A number of institutional investors have recently modified their holdings of the business. IFC & Insurance Marketing Inc. bought a new stake in Evolv Technologies during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $49,000 after acquiring an additional 5,614 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of Evolv Technologies in the fourth quarter worth $72,000. FNY Investment Advisers LLC boosted its holdings 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 acquiring an additional 2,500 shares during the period. Finally, Cibc World Markets Corp purchased a new position in shares of Evolv Technologies in the fourth quarter valued at $72,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

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.