Clare Market Investments LLC Makes New Investment in Evolv Technologies Holdings, Inc. $EVLV

Clare Market Investments LLC bought a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 108,956 shares of the company’s stock, valued at approximately $659,000. Clare Market Investments LLC owned 0.06% of Evolv Technologies at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EVLV. IFC & Insurance Marketing Inc. purchased a new position in Evolv Technologies during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted 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 purchasing an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC raised 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 buying an additional 2,897 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Evolv Technologies in the 4th quarter valued at approximately $72,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Evolv Technologies in the fourth quarter valued at approximately $72,000. 66.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on EVLV. TD Cowen reiterated a “buy” rating and issued a $10.00 price objective on shares of Evolv Technologies in a research report on Tuesday, June 9th. Zacks Research downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $9.67.

Evolv Technologies Trading Down 2.3%

NASDAQ:EVLV opened at $6.24 on Tuesday. The company has a market capitalization of $1.12 billion, a PE ratio of -27.14 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. Evolv Technologies Holdings, Inc. has a 52-week low of $4.86 and a 52-week high of $8.91. The stock has a fifty day simple moving average of $6.21 and a 200-day simple moving average of $6.12.

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