Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Stock Holdings Increased by Edge Capital Group LLC

Edge Capital Group LLC grew its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,827,069 shares of the company’s stock after purchasing an additional 7,742 shares during the period. Edge Capital Group LLC owned approximately 3.09% of Evolv Technologies worth $12,309,000 at the end of the most recent reporting period.

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

Evolv Technologies Stock Up 4.2 %

Shares of NASDAQ EVLV opened at $4.47 on Friday. The business has a fifty day simple moving average of $3.58 and a 200-day simple moving average of $3.39. The company has a market cap of $697.71 million, a price-to-earnings ratio of -7.33 and a beta of 1.25. Evolv Technologies Holdings, Inc. has a 12 month low of $2.01 and a 12 month high of $5.73.

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

Wall Street Analyst Weigh In

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

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.