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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat reports. One equities research 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 analysts that have issued ratings on the stock in the last year is $5.60.

EVLV has been the subject of several analyst reports. Northland Capmk downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. TD Cowen cut shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. Finally, Lake Street Capital reduced their price target 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.

Institutional Trading of Evolv Technologies

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Evolv Technologies by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company’s stock worth $32,013,000 after buying an additional 407,396 shares during the period. Key Colony Management LLC raised its holdings in shares of Evolv Technologies by 12.1% in the 3rd quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock worth $20,499,000 after purchasing an additional 545,492 shares during the period. Geode Capital Management LLC lifted its stake in shares of Evolv Technologies by 14.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after purchasing an additional 355,611 shares in the last quarter. State Street Corp grew its holdings in shares of Evolv Technologies by 3.0% during the 3rd quarter. State Street Corp now owns 2,663,078 shares of the company’s stock worth $10,785,000 after purchasing an additional 78,775 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Evolv Technologies by 20.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock worth $3,743,000 after purchasing an additional 158,877 shares in the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Up 3.4 %

NASDAQ EVLV opened at $4.05 on Friday. Evolv Technologies has a fifty-two week low of $2.01 and a fifty-two week high of $5.73. The business has a fifty day moving average of $3.40 and a 200-day moving average of $3.20. The stock has a market cap of $638.08 million, a price-to-earnings ratio of -28.93 and a beta of 1.34.

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.