Evolv Technologies’ (EVLV) “Buy” Rating Reiterated at TD Cowen

Evolv Technologies (NASDAQ:EVLV)‘s stock had its “buy” rating restated by equities researchers at TD Cowen in a report issued on Tuesday,Benzinga reports. They currently have a $10.00 price target on the stock. TD Cowen’s price objective points to a potential upside of 66.53% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.67.

Evolv Technologies Price Performance

Shares of EVLV stock traded up $0.19 on Tuesday, reaching $6.01. The company’s stock had a trading volume of 641,932 shares, compared to its average volume of 2,940,473. The stock’s fifty day simple moving average is $6.35 and its 200-day simple moving average is $6.21. Evolv Technologies has a 1 year low of $4.86 and a 1 year high of $8.91. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -26.11 and a beta of 1.76. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. The business had revenue of $46.33 million during the quarter, compared to analyst estimates of $44.23 million. Analysts forecast that Evolv Technologies will post -0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Evolv Technologies by 320.0% during the 1st quarter. Bank of America Corp DE now owns 677,944 shares of the company’s stock valued at $4,102,000 after buying an additional 516,523 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Evolv Technologies by 76.4% during the first quarter. Janus Henderson Group PLC now owns 76,231 shares of the company’s stock worth $462,000 after acquiring an additional 33,019 shares during the period. Stoic Point Capital Management LLC raised its stake in shares of Evolv Technologies by 1.4% during the first quarter. Stoic Point Capital Management LLC now owns 5,765,507 shares of the company’s stock valued at $34,881,000 after acquiring an additional 77,751 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Evolv Technologies in the first quarter valued at approximately $1,048,000. Finally, Evelyn Partners Investment Management LLP purchased a new stake in shares of Evolv Technologies in the first quarter valued at approximately $115,000. 66.65% of the stock is currently owned by institutional investors.

Evolv Technologies Company 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.