Evolv Technologies (NASDAQ:EVLV) Stock Price Up 3.1%

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) traded up 3.1% during mid-day trading on Wednesday . The stock traded as high as $4.30 and last traded at $4.27. 65,879 shares were traded during trading, a decline of 96% from the average session volume of 1,530,623 shares. The stock had previously closed at $4.14.

Analyst Ratings Changes

Separately, Northland Securities reduced their target price on Evolv Technologies from $6.50 to $5.50 and set an “outperform” rating for the company in a report 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $5.75.

Evolv Technologies Stock Up 1.9 %

The firm has a market cap of $658.69 million, a PE ratio of -6.79 and a beta of 1.25. The firm’s 50 day moving average is $3.46 and its 200-day moving average is $3.38.

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

Hedge Funds Weigh In On Evolv Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Evolv Technologies by 6.0% during the first quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company’s stock worth $32,013,000 after purchasing an additional 407,396 shares in the last quarter. Glenview Capital Management LLC boosted its holdings in Evolv Technologies by 21.7% in the 4th quarter. Glenview Capital Management LLC now owns 5,599,039 shares of the company’s stock worth $26,427,000 after acquiring an additional 1,000,000 shares during the period. Edge Capital Group LLC grew its position in Evolv Technologies by 1.2% in the fourth quarter. Edge Capital Group LLC now owns 4,819,327 shares of the company’s stock valued at $22,747,000 after acquiring an additional 56,500 shares in the last quarter. Key Colony Management LLC raised its stake in shares of Evolv Technologies by 64.5% during the first quarter. Key Colony Management LLC now owns 4,577,027 shares of the company’s stock valued at $20,368,000 after purchasing an additional 1,795,099 shares during the period. Finally, Sapient Capital LLC lifted its position in shares of Evolv Technologies by 7.3% during the second quarter. Sapient Capital LLC now owns 737,136 shares of the company’s stock worth $1,880,000 after purchasing an additional 50,400 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

About Evolv Technologies

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.