Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives Consensus Rating of “Moderate Buy” from Brokerages

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.0625.

Several equities analysts have weighed in on the company. Craig Hallum restated a “buy” rating and set a $11.25 price target on shares of Evolv Technologies in a report on Wednesday. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. TD Cowen reissued a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th.

Evolv Technologies Price Performance

Shares of EVLV stock traded down $0.44 during mid-day trading on Wednesday, hitting $5.59. The company had a trading volume of 1,779,431 shares, compared to its average volume of 2,733,383. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.14. The stock’s 50 day moving average price is $5.82 and its 200-day moving average price is $5.93. Evolv Technologies has a 52-week low of $4.86 and a 52-week high of $8.91. The company has a market capitalization of $1.01 billion, a P/E ratio of -24.30 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. The company had revenue of $43.75 million during the quarter, compared to the consensus estimate of $41.80 million. Equities research analysts forecast that Evolv Technologies will post -0.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Evolv Technologies by 15.0% during the 4th 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 last quarter. Sei Investments Co. lifted its position in shares of Evolv Technologies by 289.8% during the first quarter. Sei Investments Co. now owns 239,710 shares of the company’s stock worth $1,450,000 after purchasing an additional 178,215 shares during the last quarter. Greenwood Gearhart Inc. purchased a new stake in shares of Evolv Technologies during the fourth quarter valued at $1,432,000. Militia Capital Management LLC purchased a new stake in shares of Evolv Technologies during the first quarter valued at $2,722,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Evolv Technologies in the fourth quarter worth about $1,804,000. 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.