Evolv Technologies (NASDAQ:EVLV) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Evolv Technologies (NASDAQ:EVLV) from a hold rating to a strong-buy rating in a report issued on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Evolv Technologies currently has an average rating of “Buy” and a consensus target price of $9.13.

Evolv Technologies Price Performance

EVLV traded up $0.09 during trading on Monday, reaching $6.88. 922,870 shares of the company traded hands, compared to its average volume of 2,865,451. The company has a market cap of $1.23 billion, a P/E ratio of -32.83 and a beta of 1.78. 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 12-month low of $3.88 and a 12-month high of $8.91. The firm has a fifty day simple moving average of $5.78 and a 200 day simple moving average of $6.40.

Evolv Technologies (NASDAQ:EVLV) last released its earnings results on Tuesday, March 10th. The company reported $0.06 EPS for the quarter, topping the consensus estimate 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 net margin of 22.71% and a negative return on equity of 30.45%. On average, equities analysts forecast that Evolv Technologies will post -0.18 EPS for the current year.

Insider Activity at Evolv Technologies

In related news, Director Michael Ellenbogen sold 91,771 shares of the firm’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 of the company’s stock, valued at approximately $10,628,201.10. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Evolv Technologies

Hedge funds have recently bought and sold shares of the business. Emerald Advisers LLC purchased a new stake in shares of Evolv Technologies during the 3rd quarter valued at about $19,780,000. Torray Investment Partners LLC purchased a new position in Evolv Technologies in the third quarter worth about $1,244,000. Calamos Advisors LLC purchased a new position in Evolv Technologies in the third quarter worth about $1,353,000. Vanguard Group Inc. increased its stake in Evolv Technologies by 17.1% during the third quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock worth $90,464,000 after acquiring an additional 1,750,073 shares during the last quarter. Finally, Synovus Financial Corp purchased a new stake in Evolv Technologies during the third quarter valued at approximately $2,079,000. 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.