Evolv Technologies (NASDAQ:EVLV) Stock Rating Lowered by Zacks Research

Evolv Technologies (NASDAQ:EVLV) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings lowered Evolv Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.67.

Evolv Technologies Stock Down 0.6%

Shares of Evolv Technologies stock opened at $6.31 on Tuesday. The stock’s fifty day moving average is $6.24 and its 200-day moving average is $6.22. The firm has a market capitalization of $1.13 billion, a PE ratio of -27.43 and a beta of 1.82. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. Evolv Technologies has a 12-month low of $4.86 and a 12-month high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last announced its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $46.33 million for the quarter, compared to analyst estimates of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. Equities analysts anticipate that Evolv Technologies will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael Ellenbogen sold 91,771 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $5.10, for a total transaction of $468,032.10. Following the transaction, the director directly owned 2,083,961 shares of the company’s stock, valued at approximately $10,628,201.10. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Arizona State Retirement System raised its position in Evolv Technologies by 5.7% during the third quarter. Arizona State Retirement System now owns 31,581 shares of the company’s stock valued at $238,000 after buying an additional 1,694 shares during the period. CW Advisors LLC raised its position in Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock valued at $79,000 after buying an additional 2,014 shares during the period. Victory Capital Management Inc. raised its position in Evolv Technologies by 16.5% during the third quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after buying an additional 2,206 shares during the period. Jones Financial Companies Lllp raised its position in Evolv Technologies by 29.1% during the third quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after buying an additional 2,266 shares during the period. Finally, Advisory Services Network LLC raised its position in Evolv Technologies by 13.2% during the fourth quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock valued at $162,000 after buying an additional 2,651 shares during the period. 66.65% of the stock is owned by institutional investors and hedge funds.

Evolv Technologies Company Profile

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.