BNP Paribas Financial Markets Increases Stock Holdings in Evolv Technologies Holdings, Inc. $EVLV

BNP Paribas Financial Markets increased its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 118.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,407,644 shares of the company’s stock after acquiring an additional 763,412 shares during the period. BNP Paribas Financial Markets’ holdings in Evolv Technologies were worth $10,079,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVLV. FNY Investment Advisers LLC lifted its stake in Evolv Technologies by 48.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after acquiring an additional 2,897 shares during the period. AlphaCore Capital LLC purchased a new position in Evolv Technologies during the fourth quarter valued at $72,000. Pekin Hardy Strauss Inc. purchased a new position in Evolv Technologies during the third quarter valued at $76,000. Jones Financial Companies Lllp lifted its position in Evolv Technologies by 29.1% during the third quarter. Jones Financial Companies Lllp now owns 10,065 shares of the company’s stock valued at $77,000 after buying an additional 2,266 shares during the period. Finally, Concurrent Investment Advisors LLC purchased a new position in Evolv Technologies during the fourth quarter valued at $79,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Price Performance

EVLV opened at $5.82 on Tuesday. The stock has a 50-day moving average price of $6.35 and a 200-day moving average price of $6.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.21 and a quick ratio of 1.14. The firm has a market cap of $1.05 billion, a PE ratio of -25.30 and a beta of 1.76. Evolv Technologies Holdings, Inc. has a 1 year low of $4.86 and a 1 year high of $8.91.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. The firm had revenue of $46.33 million during the quarter, compared to analyst estimates of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. Sell-side analysts predict that Evolv Technologies Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Zacks Research lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings raised Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.67.

Evolv Technologies Profile

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.