Next Century Growth Investors LLC Acquires 182,706 Shares of Evolv Technologies Holdings, Inc. $EVLV

Next Century Growth Investors LLC increased its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 28.6% during the fourth quarter, HoldingsChannel reports. The firm owned 820,478 shares of the company’s stock after buying an additional 182,706 shares during the period. Next Century Growth Investors LLC’s holdings in Evolv Technologies were worth $5,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFC & Insurance Marketing Inc. bought a new position in shares of Evolv Technologies during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $49,000 after purchasing an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of Evolv Technologies by 48.3% during the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after purchasing an additional 2,897 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new position in shares of Evolv Technologies during the third quarter valued at $76,000. Finally, AlphaCore Capital LLC bought a new position in shares of Evolv Technologies during the fourth quarter valued at $72,000. 66.65% of the stock is owned by institutional investors.

Evolv Technologies Price Performance

EVLV stock opened at $6.09 on Monday. Evolv Technologies Holdings, Inc. has a fifty-two week low of $4.86 and a fifty-two week high of $8.91. The business’s 50-day moving average is $6.37 and its two-hundred day moving average is $6.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.14 and a current ratio of 1.21. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -26.48 and a beta of 1.76.

Evolv Technologies (NASDAQ:EVLV) last posted its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share 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 company had revenue of $46.33 million for the quarter, compared to the consensus estimate of $44.23 million. As a group, analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Finally, TD Cowen reaffirmed a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $9.67.

About Evolv Technologies

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.