Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Average Recommendation of “Moderate Buy” by Brokerages

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.1250.

Several research analysts have commented on the stock. Lake Street Capital raised their target price on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Zacks Research raised shares of Evolv Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Evolv Technologies in a research report on Wednesday, October 8th.

Insiders Place Their Bets

In other Evolv Technologies news, Director Kevin M. Charlton acquired 15,000 shares of Evolv Technologies stock in a transaction that occurred on Friday, November 21st. The stock was purchased at an average cost of $5.68 per share, with a total value of $85,200.00. Following the purchase, the director owned 44,081 shares in the company, valued at approximately $250,380.08. The trade was a 51.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anil Chitkara sold 240,000 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $8.20, for a total value of $1,968,000.00. Following the sale, the insider owned 1,275,100 shares of the company’s stock, valued at $10,455,820. The trade was a 15.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders bought 61,300 shares of company stock valued at $363,326 and sold 440,745 shares valued at $3,618,954. Company insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in Evolv Technologies in the 3rd quarter worth approximately $60,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Evolv Technologies during the 3rd quarter valued at $76,000. Jones Financial Companies Lllp increased its stake in shares of Evolv Technologies by 29.1% in the third quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock worth $77,000 after acquiring an additional 2,266 shares during the last quarter. Legacy Advisors LLC purchased a new stake in shares of Evolv Technologies during the third quarter worth $81,000. Finally, Quarry LP acquired a new stake in Evolv Technologies during the third quarter valued at $91,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $7.16 on Friday. The stock’s fifty day simple moving average is $6.82 and its 200 day simple moving average is $7.09. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -19.35 and a beta of 1.85. The company has a quick ratio of 1.20, a current ratio of 1.27 and a debt-to-equity ratio of 0.28. Evolv Technologies has a 52-week low of $2.64 and a 52-week high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last released its quarterly earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share 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 analyst estimates of $33.73 million. Evolv Technologies had a negative return on equity of 55.11% and a negative net margin of 43.76%. As a group, sell-side analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current fiscal year.

About Evolv Technologies

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.