Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Stock Has Consensus Target Price of $9.81

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.81.

EVLV has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a research report on Tuesday, September 29th. LADENBURG THALM/SH SH assumed coverage on shares of Evolv Technologies in a research report on Tuesday, September 8th. They set a “buy” rating and a $8.00 price target on the stock. Wall Street Zen raised Evolv Technologies from a “sell” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Craig Hallum reiterated a “buy” rating and set a $11.25 target price on shares of Evolv Technologies in a research note on Wednesday, August 12th.

Insider Buying and Selling

In other news, Director Richard Shapiro acquired 19,100 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average cost of $4.96 per share, with a total value of $94,736.00. Following the acquisition, the director owned 39,000 shares in the company, valued at approximately $193,440. This represents a 95.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Evolv Technologies

Several large investors have recently added to or reduced their stakes in the stock. Peregrine Capital Management LLC purchased a new position in shares of Evolv Technologies during the first quarter valued at approximately $9,722,000. Bank of America Corp DE lifted its stake in shares of Evolv Technologies by 320.0% in the 1st quarter. Bank of America Corp DE now owns 677,944 shares of the company’s stock valued at $4,102,000 after purchasing an additional 516,523 shares during the last quarter. Militia Capital Management LLC bought a new stake in shares of Evolv Technologies during the first quarter valued at approximately $2,722,000. Bank of New York Mellon Corp purchased a new position in shares of Evolv Technologies in the 2nd quarter worth approximately $2,571,000. Finally, Wedmont Private Capital purchased a new stake in Evolv Technologies during the 2nd quarter valued at about $1,640,000. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $4.69 on Monday. The company has a market cap of $849.50 million, a price-to-earnings ratio of -156.33 and a beta of 1.83. The firm has a 50-day moving average of $4.79 and a 200-day moving average of $5.64. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.18 and a quick ratio of 1.11. Evolv Technologies has a one year low of $4.02 and a one year high of $7.75.

Evolv Technologies (NASDAQ:EVLV) last issued its earnings results on Tuesday, August 11th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). The firm had revenue of $43.75 million for the quarter, compared to analyst estimates of $41.80 million. Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%. On average, equities analysts expect that Evolv Technologies will post -0.20 earnings per share for the current fiscal year.

About Evolv Technologies

Evolv Technologies develops AI-powered security screening systems designed to help organizations detect weapons and other threats at entrances while supporting a more convenient visitor experience. The company combines sensor technology, artificial intelligence and security analytics to screen people as they walk through designated screening areas.

Its product portfolio has included Evolv Express, a touchless weapons-detection system intended for high-throughput environments; Evolv Edge, a related screening solution for smaller or more controlled entrances; and Evolv Insights, a software platform that provides security and operational data to help organizations monitor screening activity and manage their security programs.

Evolv has served a range of customers, including sports and entertainment venues, educational institutions, healthcare facilities, corporate campuses and other public-facing organizations.