Resolute Capital Asset Partners LLC Buys Shares of 200,000 Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Resolute Capital Asset Partners LLC purchased a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the company’s stock, valued at approximately $510,000. Resolute Capital Asset Partners LLC owned about 0.13% of Evolv Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC increased its holdings in Evolv Technologies by 84.5% in the 1st quarter. MCF Advisors LLC now owns 6,549 shares of the company’s stock worth $29,000 after buying an additional 3,000 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Evolv Technologies in the first quarter worth approximately $45,000. Foundations Investment Advisors LLC purchased a new position in shares of Evolv Technologies during the second quarter valued at approximately $30,000. Victory Capital Management Inc. lifted its position in Evolv Technologies by 26.2% during the fourth quarter. Victory Capital Management Inc. now owns 12,682 shares of the company’s stock valued at $60,000 after purchasing an additional 2,629 shares during the period. Finally, Sierra Summit Advisors LLC purchased a new stake in Evolv Technologies in the fourth quarter worth approximately $71,000. 66.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Northland Securities decreased their target price on shares of Evolv Technologies from $6.50 to $5.50 and set an “outperform” rating for the company in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $5.75.

Evolv Technologies Stock Down 0.2 %

Shares of NASDAQ:EVLV opened at $4.13 on Thursday. The stock has a market capitalization of $644.64 million, a PE ratio of -6.77 and a beta of 1.25. The firm’s 50 day moving average price is $3.49 and its 200-day moving average price is $3.38. Evolv Technologies Holdings, Inc. has a twelve month low of $2.01 and a twelve month high of $5.73.

Evolv Technologies (NASDAQ:EVLV) last announced its earnings results on Thursday, August 8th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.15. The business had revenue of $25.54 million during the quarter, compared to analysts’ expectations of $23.57 million. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. Analysts expect that Evolv Technologies Holdings, Inc. will post -0.26 earnings per share for the current fiscal year.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.