Phillips Financial Management LLC Invests $99,000 in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Phillips Financial Management LLC bought a new stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,408 shares of the company’s stock, valued at approximately $99,000.

Several other hedge funds also recently modified their holdings of the stock. Silvercrest Asset Management Group LLC purchased a new stake in Evolv Technologies in the 1st quarter valued at about $2,897,000. Key Colony Management LLC grew its holdings in shares of Evolv Technologies by 12.1% in the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock valued at $20,499,000 after acquiring an additional 545,492 shares in the last quarter. GSA Capital Partners LLP increased its position in shares of Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after acquiring an additional 543,322 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Evolv Technologies by 6.0% during the first quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company’s stock valued at $32,013,000 after acquiring an additional 407,396 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in Evolv Technologies during the third quarter worth $1,614,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Up 3.9 %

Shares of EVLV opened at $2.68 on Tuesday. The business’s 50-day moving average price is $3.53 and its 200-day moving average price is $3.21. Evolv Technologies Holdings, Inc. has a twelve month low of $2.01 and a twelve month high of $5.73. The stock has a market cap of $422.23 million, a PE ratio of -19.14 and a beta of 1.34.

Analysts Set New Price Targets

A number of research analysts have issued reports on EVLV shares. Northland Capmk downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Northland Securities lowered shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. TD Cowen cut shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Monday, October 28th. Finally, Lake Street Capital dropped their price target on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Evolv Technologies currently has an average rating of “Hold” and a consensus price target of $5.60.

Evolv Technologies Company Profile

Evolv Technologies Holdings, Inc provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally. Its products include Evolv Express, a touchless security screening system designed to detect firearms, improvised explosive devices, and tactical knives; and Evolv Insights that provides self-serve access, insights regarding visitor flow and arrival curves, location specific performance, system detection performance, and alarm statistics.