Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $9.13 Average Price Target from Brokerages

by · The Cerbat Gem

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.1250.

A number of equities analysts recently commented on the company. Zacks Research raised Evolv Technologies from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Thursday, January 22nd. Finally, Lake Street Capital raised their price objective on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, November 14th.

Get Our Latest Stock Analysis on EVLV

Evolv Technologies Stock Performance

EVLV opened at $6.36 on Tuesday. The company’s 50 day moving average is $6.67 and its 200 day moving average is $7.20. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -17.19 and a beta of 1.85. Evolv Technologies has a 12-month low of $2.64 and a 12-month high of $8.91.

Evolv Technologies (NASDAQ:EVLV – Get Free Report) last announced its earnings results on Thursday, November 13th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The business had revenue of $42.85 million during the quarter, compared to analysts’ expectations of $33.73 million. Evolv Technologies had a negative net margin of 43.76% and a negative return on equity of 55.11%. On average, equities research analysts predict that Evolv Technologies will post -0.27 EPS for the current year.

Insiders Place Their Bets

In other Evolv Technologies news, Director Michael Ellenbogen sold 80,745 shares of Evolv Technologies stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $6.20, for a total transaction of $500,619.00. Following the transaction, the director owned 2,083,961 shares of the company’s stock, valued at $12,920,558.20. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard A. Shapiro purchased 16,300 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $6.02 per share, with a total value of $98,126.00. Following the completion of the transaction, the director owned 22,500 shares of the company’s stock, valued at approximately $135,450. This trade represents a 262.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have bought 61,300 shares of company stock worth $363,326. Company insiders own 11.30% of the company’s stock.

Institutional Investors Weigh In On Evolv Technologies

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in shares of Evolv Technologies in the third quarter valued at about $60,000. FNY Investment Advisers LLC raised its stake in Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after purchasing an additional 2,897 shares during the period. Pekin Hardy Strauss Inc. purchased a new position in Evolv Technologies in the 3rd quarter worth approximately $76,000. Jones Financial Companies Lllp boosted its stake in Evolv Technologies by 29.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock worth $77,000 after purchasing an additional 2,266 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new position in Evolv Technologies in the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Company Profile

(Get Free Report)

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.

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