Quantinno Capital Management LP Buys 94,428 Shares of Evolv Technologies Holdings, Inc. $EVLV

Quantinno Capital Management LP increased its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 196.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,572 shares of the company’s stock after acquiring an additional 94,428 shares during the quarter. Quantinno Capital Management LP’s holdings in Evolv Technologies were worth $863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in Evolv Technologies by 289.8% during the 1st quarter. Sei Investments Co. now owns 239,710 shares of the company’s stock worth $1,450,000 after purchasing an additional 178,215 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Evolv Technologies by 17.0% during the first quarter. Cetera Investment Advisers now owns 98,491 shares of the company’s stock worth $596,000 after buying an additional 14,310 shares during the period. Militia Capital Management LLC acquired a new stake in shares of Evolv Technologies during the first quarter worth $2,658,000. Swiss National Bank raised its stake in Evolv Technologies by 31.0% during the first quarter. Swiss National Bank now owns 310,900 shares of the company’s stock worth $1,881,000 after buying an additional 73,600 shares during the last quarter. Finally, GatePass Capital LLC raised its stake in Evolv Technologies by 41.7% during the first quarter. GatePass Capital LLC now owns 255,000 shares of the company’s stock worth $1,543,000 after buying an additional 75,000 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Stock Down 5.7%

Evolv Technologies stock opened at $5.47 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.24. Evolv Technologies Holdings, Inc. has a 12-month low of $4.86 and a 12-month high of $8.81. The firm’s fifty day moving average is $5.79 and its 200 day moving average is $5.91. The company has a market capitalization of $990.78 million, a PE ratio of -182.33 and a beta of 1.80.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The company had revenue of $43.75 million during the quarter, compared to analyst estimates of $41.80 million. As a group, sell-side analysts predict that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on EVLV. TD Cowen reaffirmed a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Craig Hallum reissued a “buy” rating and issued a $11.25 price objective on shares of Evolv Technologies in a research report on Wednesday, August 12th. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.42.

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.