Emerald Mutual Fund Advisers Trust Acquires 165,100 Shares of Evolv Technologies Holdings, Inc. $EVLV

Emerald Mutual Fund Advisers Trust raised its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 6.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,667,589 shares of the company’s stock after purchasing an additional 165,100 shares during the period. Emerald Mutual Fund Advisers Trust owned 1.49% of Evolv Technologies worth $16,139,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Stoic Point Capital Management LLC bought a new stake in shares of Evolv Technologies in the fourth quarter valued at approximately $40,724,000. Millennium Management LLC boosted its holdings in Evolv Technologies by 194.6% in the 3rd quarter. Millennium Management LLC now owns 4,187,604 shares of the company’s stock worth $31,616,000 after buying an additional 2,766,335 shares during the period. Vanguard Group Inc. boosted its holdings in Evolv Technologies by 15.0% in the 4th quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after buying an additional 1,802,928 shares during the period. Peregrine Capital Management LLC purchased a new position in Evolv Technologies in the 1st quarter valued at approximately $9,722,000. Finally, Mittelman Wealth Management purchased a new position in Evolv Technologies in the 3rd quarter valued at approximately $11,415,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on EVLV. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. TD Cowen reiterated a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Finally, Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Evolv Technologies has a consensus rating of “Hold” and an average target price of $9.67.

Evolv Technologies Stock Performance

Evolv Technologies stock opened at $5.98 on Tuesday. The firm’s 50 day simple moving average is $6.13 and its 200 day simple moving average is $6.09. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.08 billion, a PE ratio of -26.00 and a beta of 1.77. 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 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. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. The business had revenue of $46.33 million for the quarter, compared to analysts’ expectations of $44.23 million. As a group, 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.