Evolv Technologies (NASDAQ:EVLV) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Evolv Technologies (NASDAQ:EVLV) from a sell rating to a hold rating in a research note issued to investors on Sunday.

Several other analysts also recently weighed in on the company. Craig Hallum reaffirmed a “buy” rating and set a $11.25 target price on shares of Evolv Technologies in a research note on Wednesday, August 12th. TD Cowen reiterated a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Finally, Zacks Research lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Evolv Technologies has a consensus rating of “Hold” and a consensus target price of $10.42.

Evolv Technologies Price Performance

Shares of NASDAQ:EVLV opened at $5.24 on Friday. The firm’s 50 day moving average is $5.69 and its two-hundred day moving average is $5.87. Evolv Technologies has a 52 week low of $4.86 and a 52 week high of $8.81. The firm has a market capitalization of $949.10 million, a P/E ratio of -174.67 and a beta of 1.80. The company has a current ratio of 1.18, a quick ratio of 1.11 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data 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). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The business had revenue of $43.75 million for the quarter, compared to analyst estimates of $41.80 million. Analysts anticipate that Evolv Technologies will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in EVLV. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Evolv Technologies by 6.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock worth $249,000 after purchasing an additional 5,050 shares during the period. Creative Planning acquired a new position in shares of Evolv Technologies during the 2nd quarter valued at $189,000. JPMorgan Chase & Co. increased its position in shares of Evolv Technologies by 192.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 221,915 shares of the company’s stock valued at $1,385,000 after purchasing an additional 146,067 shares during the period. Prudential Financial Inc. bought a new stake in shares of Evolv Technologies in the 2nd quarter worth $94,000. Finally, CW Advisors LLC grew its holdings in Evolv Technologies by 19.0% during the second quarter. CW Advisors LLC now owns 12,614 shares of the company’s stock worth $79,000 after acquiring an additional 2,014 shares during the period. 66.65% of the stock is currently owned by institutional investors.

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.