Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Given Average Recommendation of “Hold” by Analysts

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have received an average recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.60.

A number of brokerages have recently issued reports on EVLV. TD Cowen downgraded Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, October 28th. Lake Street Capital dropped their target price on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a research report on Monday, October 28th. Northland Securities lowered shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. Finally, Northland Capmk cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EVLV. Resolute Capital Asset Partners LLC bought a new stake in shares of Evolv Technologies in the 2nd quarter worth approximately $510,000. Barclays PLC lifted its stake in Evolv Technologies by 352.3% in the third quarter. Barclays PLC now owns 211,551 shares of the company’s stock worth $856,000 after purchasing an additional 164,775 shares during the last quarter. Ironwood Investment Management LLC purchased a new stake in Evolv Technologies during the second quarter valued at about $724,000. Geode Capital Management LLC grew its stake in shares of Evolv Technologies by 14.4% during the third quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after buying an additional 355,611 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Evolv Technologies by 159.4% in the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock worth $3,581,000 after buying an additional 543,322 shares during the period. 66.65% of the stock is currently owned by institutional investors.

Evolv Technologies Stock Performance

Shares of EVLV stock opened at $3.09 on Friday. Evolv Technologies has a 52-week low of $2.01 and a 52-week high of $5.73. The business’s fifty day moving average is $3.48 and its 200 day moving average is $3.48. The company has a market capitalization of $486.83 million, a PE ratio of -22.07 and a beta of 1.66.

About Evolv Technologies

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.