Evolv Technologies Holdings, Inc. $EVLV Stock Holdings Lifted by Torray Investment Partners LLC

Torray Investment Partners LLC grew its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 171.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 353,367 shares of the company’s stock after purchasing an additional 223,042 shares during the period. Torray Investment Partners LLC’s holdings in Evolv Technologies were worth $2,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVLV. IFC & Insurance Marketing Inc. acquired a new stake in shares of Evolv Technologies during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after buying an additional 5,614 shares during the last quarter. FNY Investment Advisers LLC increased its holdings in Evolv Technologies by 48.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after buying an additional 2,897 shares during the last quarter. AlphaCore Capital LLC bought a new position in Evolv Technologies during the fourth quarter valued at approximately $72,000. Finally, Cibc World Markets Corp bought a new position in Evolv Technologies during the fourth quarter valued at approximately $72,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Down 1.8%

Shares of EVLV traded down $0.11 during trading hours on Friday, hitting $5.92. 1,225,180 shares of the company were exchanged, compared to its average volume of 2,307,256. 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 $1.06 billion, a PE ratio of -25.74 and a beta of 1.77. The firm’s 50 day moving average is $6.15 and its 200-day moving average is $6.10. Evolv Technologies Holdings, Inc. has a 52 week low of $4.86 and a 52 week high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data 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 business had revenue of $46.33 million for the quarter, compared to the consensus estimate of $44.23 million. On average, equities research analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EVLV shares. TD Cowen reiterated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research note on Tuesday, June 9th. Zacks Research lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. 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 company. According to MarketBeat, Evolv Technologies has an average rating of “Hold” and an average price target of $9.67.

Evolv Technologies 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.