Westside Investment Management Inc. Makes New $194,000 Investment in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Westside Investment Management Inc. purchased a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 49,100 shares of the company’s stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Evolv Technologies by 8.5% in the third quarter. JPMorgan Chase & Co. now owns 60,441 shares of the company’s stock valued at $245,000 after acquiring an additional 4,756 shares during the period. MetLife Investment Management LLC lifted its holdings in Evolv Technologies by 7.1% in the 3rd quarter. MetLife Investment Management LLC now owns 77,055 shares of the company’s stock worth $312,000 after purchasing an additional 5,090 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Evolv Technologies by 50.5% during the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $62,000 after acquiring an additional 5,100 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Evolv Technologies by 3.1% in the third quarter. HighTower Advisors LLC now owns 202,680 shares of the company’s stock worth $820,000 after purchasing an additional 6,183 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Evolv Technologies by 15.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,399 shares of the company’s stock worth $134,000 after acquiring an additional 7,119 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EVLV. TD Cowen lowered shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 28th. Northland Securities cut shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Northland Capmk downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Finally, Lake Street Capital dropped their target price on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $5.60.

Evolv Technologies Trading Down 0.9 %

Shares of NASDAQ:EVLV opened at $3.22 on Thursday. The firm’s 50-day moving average is $3.59 and its two-hundred day moving average is $3.52. Evolv Technologies Holdings, Inc. has a 1 year low of $2.01 and a 1 year high of $5.73.

About Evolv Technologies

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.