Evolv Technologies (NASDAQ:EVLV) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

Equities research analysts at LADENBURG THALM/SH SH began coverage on shares of Evolv Technologies (NASDAQ:EVLV) in a report released on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $8.00 price target on the stock. LADENBURG THALM/SH SH’s price objective points to a potential upside of 60.00% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. TD Cowen reiterated a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a research note on Tuesday, June 9th. Wall Street Zen upgraded Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. Finally, Craig Hallum reiterated a “buy” rating and issued a $11.25 target price on shares of Evolv Technologies in a research report on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Evolv Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $9.81.

Evolv Technologies Stock Performance

Shares of Evolv Technologies stock opened at $5.00 on Tuesday. Evolv Technologies has a fifty-two week low of $4.86 and a fifty-two week high of $8.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.11 and a current ratio of 1.18. The company has a market capitalization of $905.65 million, a P/E ratio of -166.67 and a beta of 1.80. The company has a fifty day moving average of $5.64 and a 200 day moving average of $5.85.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings data 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 business had revenue of $43.75 million during the quarter, compared to the consensus estimate 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, sell-side analysts anticipate that Evolv Technologies will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Evolv Technologies

Several institutional investors have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. bought a new position in Evolv Technologies during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd lifted its stake in Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after purchasing an additional 5,614 shares during the last quarter. FNY Investment Advisers LLC boosted its position in shares of Evolv Technologies by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $58,000 after buying an additional 2,500 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Evolv Technologies during the fourth quarter valued at approximately $72,000. Finally, Cibc World Markets Corp bought a new position in shares of Evolv Technologies during the fourth quarter valued at approximately $72,000. Institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

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.