Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Stock Has Consensus Price Target of $9.81 According to Analysts

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $9.81.

EVLV has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Evolv Technologies from a “sell” rating to a “hold” rating in a report on Sunday, August 30th. Craig Hallum restated a “buy” rating and set a $11.25 price objective on shares of Evolv Technologies in a report on Wednesday, August 12th. LADENBURG THALM/SH SH started coverage on shares of Evolv Technologies in a research report on Tuesday, September 8th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a research report on Tuesday, September 29th.

Insider Buying and Selling at Evolv Technologies

In other Evolv Technologies news, Director Richard Shapiro purchased 19,100 shares of the stock in a transaction dated Friday, September 4th. The shares were bought at an average price of $4.96 per share, with a total value of $94,736.00. Following the completion of the transaction, the director directly owned 39,000 shares in the company, valued at approximately $193,440. This trade represents a 95.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Evolv Technologies

Several large investors have recently added to or reduced their stakes in the business. Stoic Point Capital Management LLC raised its position 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 buying an additional 77,751 shares in the last quarter. Emerald Advisers LLC lifted its stake in shares of Evolv Technologies by 3.9% in the 1st quarter. Emerald Advisers LLC now owns 4,333,055 shares of the company’s stock valued at $26,215,000 after acquiring an additional 161,812 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in shares of Evolv Technologies by 6.6% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 2,667,589 shares of the company’s stock valued at $16,139,000 after purchasing an additional 165,100 shares during the period. Peregrine Capital Management LLC bought a new position in shares of Evolv Technologies in the first quarter worth approximately $9,722,000. Finally, BNP Paribas Financial Markets raised its holdings in Evolv Technologies by 118.5% during the 4th quarter. BNP Paribas Financial Markets now owns 1,407,644 shares of the company’s stock valued at $10,079,000 after buying an additional 763,412 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

Shares of EVLV opened at $4.69 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $849.50 million, a P/E ratio of -156.33 and a beta of 1.75. The firm’s fifty day simple moving average is $5.21 and its two-hundred day simple moving average is $5.79. Evolv Technologies has a 12 month low of $4.46 and a 12 month high of $8.81.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) earnings per share 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 business had revenue of $43.75 million during the quarter, compared to the consensus estimate of $41.80 million. As a group, analysts predict that Evolv Technologies will post -0.2 EPS for the current year.

About Evolv Technologies

Evolv Technologies develops artificial intelligence-powered security screening systems designed to detect weapons and other threats while allowing people to move through checkpoints without routinely removing personal belongings. Its technology is intended to help security teams improve protection and reduce congestion compared with traditional screening methods.

The company’s primary products include Evolv Express, a touchless weapons-detection system, and Evolv Insights, a software platform that provides operational data and analytics to help organizations manage screening programs.