Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $9.13 Average PT from Analysts

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.1250.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd.

Evolv Technologies Stock Performance

NASDAQ EVLV opened at $5.70 on Wednesday. The firm has a market capitalization of $1.02 billion, a P/E ratio of -27.14 and a beta of 1.89. The stock has a 50-day simple moving average of $5.66 and a two-hundred day simple moving average of $6.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.15 and a current ratio of 1.23. Evolv Technologies has a fifty-two week low of $2.64 and a fifty-two week high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last issued its earnings results on Tuesday, March 10th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. The firm had revenue of $38.50 million for the quarter, compared to the consensus estimate of $36.44 million. Evolv Technologies had a negative return on equity of 30.45% and a negative net margin of 22.71%. On average, equities analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current year.

Insider Buying and Selling at Evolv Technologies

In related news, Director Michael Ellenbogen sold 91,771 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.10, for a total value of $468,032.10. Following the completion of the transaction, the director directly owned 2,083,961 shares in the company, valued at $10,628,201.10. The trade was a 4.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 253,261 shares of company stock worth $1,410,326. 11.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Evolv Technologies by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after acquiring an additional 1,802,928 shares during the period. Stoic Point Capital Management LLC acquired a new stake in shares of Evolv Technologies during the 4th quarter valued at about $40,724,000. Millennium Management LLC grew its position in shares of Evolv Technologies by 194.6% during the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock valued at $31,616,000 after acquiring an additional 2,766,335 shares during the period. Marshall Wace LLP increased its stake in shares of Evolv Technologies by 74.4% in the 2nd quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock valued at $24,331,000 after purchasing an additional 1,662,797 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Evolv Technologies by 17.9% in the 4th quarter. Geode Capital Management LLC now owns 3,680,421 shares of the company’s stock valued at $26,357,000 after purchasing an additional 557,703 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

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.