Evolv Technologies (NASDAQ:EVLV) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Evolv Technologies (NASDAQ:EVLV) from a hold rating to a sell rating in a report published on Saturday.

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

Evolv Technologies Trading Down 1.1%

Shares of Evolv Technologies stock opened at $5.34 on Friday. The stock has a market capitalization of $967.23 million, a PE ratio of -178.00 and a beta of 1.80. Evolv Technologies has a 52 week low of $4.86 and a 52 week high of $8.81. The stock has a 50 day moving average price of $5.74 and a two-hundred day moving average price of $5.88. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.11 and a current ratio of 1.18.

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). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The firm had revenue of $43.75 million for the quarter, compared to analyst estimates of $41.80 million. As a group, equities analysts anticipate that Evolv Technologies will post -0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Evolv Technologies

Several large investors have recently bought and sold shares of EVLV. Sapient Capital LLC grew its stake in shares of Evolv Technologies by 8.0% in the 2nd quarter. Sapient Capital LLC now owns 411,988 shares of the company’s stock worth $2,390,000 after acquiring an additional 30,565 shares in the last quarter. Round Rock Advisors LLC lifted its position in shares of Evolv Technologies by 39.8% during the second quarter. Round Rock Advisors LLC now owns 99,236 shares of the company’s stock valued at $576,000 after purchasing an additional 28,245 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Evolv Technologies in the 2nd quarter worth about $2,571,000. FNY Investment Advisers LLC grew its position in Evolv Technologies by 33.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock worth $58,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in Evolv Technologies in the 2nd quarter valued at about $491,000. 66.65% of the stock is currently owned by institutional investors.

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.