Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $5.60 Consensus Price Target from Analysts

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.60.

EVLV has been the subject of a number of analyst reports. Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. TD Cowen cut shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 28th. Lake Street Capital reduced their price target on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a research report on Monday, October 28th. Finally, Northland Capmk cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th.

Evolv Technologies Price Performance

EVLV stock opened at $3.36 on Friday. The business’s 50-day moving average is $3.43 and its two-hundred day moving average is $3.18. Evolv Technologies has a 1 year low of $2.01 and a 1 year high of $5.73. The firm has a market capitalization of $529.37 million, a P/E ratio of -24.00 and a beta of 1.34.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Evolv Technologies in the 3rd quarter valued at about $63,000. Barclays PLC increased its position in Evolv Technologies by 352.3% during the 3rd quarter. Barclays PLC now owns 211,551 shares of the company’s stock worth $856,000 after purchasing an additional 164,775 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Evolv Technologies by 14.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after purchasing an additional 355,611 shares in the last quarter. Wexford Capital LP acquired a new position in shares of Evolv Technologies in the third quarter valued at approximately $810,000. Finally, State Street Corp raised its holdings in Evolv Technologies by 3.0% in the 3rd quarter. State Street Corp now owns 2,663,078 shares of the company’s stock valued at $10,785,000 after acquiring an additional 78,775 shares during the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

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.