Analysts Set Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Target Price at $5.60

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $5.60.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Resolute Capital Asset Partners LLC bought a new position in shares of Evolv Technologies during the second quarter valued at approximately $510,000. Ironwood Investment Management LLC purchased a new stake in shares of Evolv Technologies in the 2nd quarter worth approximately $724,000. GSA Capital Partners LLP increased its position in Evolv Technologies by 159.4% during the 3rd quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after buying an additional 543,322 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Evolv Technologies by 20.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock valued at $3,743,000 after buying an additional 158,877 shares during the last quarter. 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 worth $20,499,000 after acquiring an additional 545,492 shares in the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Price Performance

NASDAQ EVLV opened at $3.91 on Wednesday. The business’s 50-day moving average is $3.39 and its 200 day moving average is $3.36. The stock has a market capitalization of $616.02 million, a PE ratio of -27.93 and a beta of 1.67. Evolv Technologies 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.