Evolv Technologies Holdings, Inc. $EVLV Shares Bought by Emerald Advisers LLC

Emerald Advisers LLC increased its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,333,055 shares of the company’s stock after buying an additional 161,812 shares during the period. Emerald Advisers LLC owned about 2.42% of Evolv Technologies worth $26,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. IFC & Insurance Marketing Inc. purchased a new stake in Evolv Technologies in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in Evolv Technologies by 471.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after acquiring an additional 5,614 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock worth $63,000 after purchasing an additional 2,897 shares during the period. AlphaCore Capital LLC purchased a new position in shares of Evolv Technologies during the 4th quarter worth $72,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Evolv Technologies during the fourth quarter worth $72,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EVLV. TD Cowen reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Evolv Technologies in a research report on Tuesday, June 9th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Evolv Technologies has an average rating of “Hold” and a consensus price target of $9.67.

Evolv Technologies Stock Up 1.0%

Shares of NASDAQ EVLV opened at $5.98 on Tuesday. The stock has a market capitalization of $1.08 billion, a PE ratio of -26.00 and a beta of 1.77. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $6.13 and a 200-day moving average of $6.09. Evolv Technologies Holdings, Inc. has a 52-week low of $4.86 and a 52-week high of $8.91.

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

Evolv Technologies Company 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.