Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Consensus Recommendation of “Hold” by Brokerages

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has been given an average rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.60.

A number of equities analysts have recently issued reports on the stock. Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. Lake Street Capital reduced their price target on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a research report on Monday, October 28th. TD Cowen lowered Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. Finally, Northland Capmk downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th.

Evolv Technologies Price Performance

EVLV stock opened at $3.09 on Friday. Evolv Technologies has a 1-year low of $2.01 and a 1-year high of $5.73. The business has a 50-day moving average price of $3.44 and a 200 day moving average price of $3.19. The company has a market capitalization of $486.83 million, a P/E ratio of -22.07 and a beta of 1.34.

Institutional Investors Weigh In On Evolv Technologies

Institutional investors and hedge funds have recently modified their holdings of the company. Resolute Capital Asset Partners LLC purchased a new position in Evolv Technologies during the 2nd quarter worth approximately $510,000. Ironwood Investment Management LLC acquired a new stake in shares of Evolv Technologies in the second quarter worth $724,000. GSA Capital Partners LLP raised its holdings in shares of Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock worth $3,581,000 after purchasing an additional 543,322 shares during the last quarter. Vanguard Group Inc. lifted its position in Evolv Technologies by 6.0% during the first quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company’s stock valued at $32,013,000 after purchasing an additional 407,396 shares during the period. Finally, Key Colony Management LLC boosted its holdings in Evolv Technologies by 12.1% in the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock valued at $20,499,000 after purchasing an additional 545,492 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

Evolv Technologies Company Profile

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.