Q3 EPS Estimates for EVLV Lowered by Northland Securities

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) – Investment analysts at Northland Securities dropped their Q3 2026 earnings per share (EPS) estimates for shares of Evolv Technologies in a report issued on Wednesday, August 12th. Northland Securities analyst M. Latimore now expects that the company will post earnings of ($0.06) per share for the quarter, down from their prior forecast of ($0.05). The consensus estimate for Evolv Technologies’ current full-year earnings is ($0.20) per share. Northland Securities also issued estimates for Evolv Technologies’ Q4 2026 earnings at ($0.06) EPS, FY2026 earnings at ($0.20) EPS, Q1 2027 earnings at ($0.06) EPS, Q2 2027 earnings at ($0.05) EPS, Q3 2027 earnings at ($0.05) EPS and FY2027 earnings at ($0.20) EPS.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $43.75 million during the quarter, compared to analyst estimates of $41.80 million. Evolv Technologies had a negative net margin of 3.05% and a negative return on equity of 4.53%.

Several other research analysts have also issued reports on EVLV. Craig Hallum reissued a “buy” rating and set a $11.25 target price on shares of Evolv Technologies in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. Wall Street Zen cut shares of Evolv Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. TD Cowen restated a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research note on Tuesday, June 9th. Finally, Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $10.42.

Evolv Technologies Stock Performance

NASDAQ:EVLV opened at $5.25 on Monday. 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 has a twelve month low of $4.86 and a twelve month high of $8.81. The company has a fifty day moving average of $5.73 and a 200-day moving average of $5.88. The firm has a market capitalization of $950.91 million, a P/E ratio of -175.00 and a beta of 1.80.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. CW Advisors LLC grew its holdings in shares of 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 last quarter. Arizona State Retirement System lifted its position in Evolv Technologies by 6.5% in the 4th quarter. Arizona State Retirement System now owns 33,648 shares of the company’s stock valued at $241,000 after acquiring an additional 2,067 shares in the last quarter. Victory Capital Management Inc. lifted its position in Evolv Technologies by 16.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,601 shares of the company’s stock valued at $118,000 after acquiring an additional 2,206 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in Evolv Technologies by 33.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $58,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in Evolv Technologies by 13.2% during the 4th quarter. Advisory Services Network LLC now owns 22,694 shares of the company’s stock valued at $162,000 after purchasing an additional 2,651 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

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.