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

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $9.1250.

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

Evolv Technologies Trading Down 1.2%

Evolv Technologies stock opened at $6.43 on Tuesday. Evolv Technologies has a 52 week low of $2.64 and a 52 week high of $8.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.20 and a current ratio of 1.27. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -17.38 and a beta of 1.85. The company has a 50 day moving average price of $6.63 and a 200 day moving average price of $7.20.

Evolv Technologies (NASDAQ:EVLV) last released its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.06. The company 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%. Research analysts forecast that Evolv Technologies will post -0.27 EPS for the current year.

Insider Transactions at Evolv Technologies

In other news, Director Richard A. Shapiro bought 30,000 shares of the stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $6.00 per share, for a total transaction of $180,000.00. Following the completion of the purchase, the director directly owned 52,515 shares of the company’s stock, valued at $315,090. This trade represents a 133.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Ellenbogen sold 80,745 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $6.20, for a total value of $500,619.00. Following the completion of the transaction, the director directly owned 2,083,961 shares in the company, valued at approximately $12,920,558.20. The trade was a 3.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 61,300 shares of company stock valued at $363,326. 11.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Evolv Technologies

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Evolv Technologies by 17.1% in the third quarter. Vanguard Group Inc. now owns 11,981,998 shares of the company’s stock worth $90,464,000 after buying an additional 1,750,073 shares during the last quarter. Millennium Management LLC lifted its stake in Evolv Technologies by 194.6% in the third quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock valued at $31,616,000 after acquiring an additional 2,766,335 shares during the last quarter. Marshall Wace LLP grew its position in Evolv Technologies by 74.4% in the second quarter. Marshall Wace LLP now owns 3,899,155 shares of the company’s stock worth $24,331,000 after acquiring an additional 1,662,797 shares in the last quarter. Key Colony Management LLC increased its stake in shares of Evolv Technologies by 5.5% during the 3rd quarter. Key Colony Management LLC now owns 3,275,095 shares of the company’s stock worth $24,727,000 after purchasing an additional 170,095 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Evolv Technologies by 88.3% during the 3rd quarter. Two Sigma Investments LP now owns 2,788,704 shares of the company’s stock valued at $21,055,000 after purchasing an additional 1,307,955 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

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.