Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $5.60 Consensus Target Price from Brokerages

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.60.

A number of equities research analysts recently weighed in on the stock. Northland Capmk downgraded shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Northland Securities cut shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Lake Street Capital reduced their target price on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, TD Cowen lowered Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th.

Hedge Funds Weigh In On Evolv Technologies

A number of large investors have recently added to or reduced their stakes in EVLV. Key Colony Management LLC grew its stake in shares of Evolv Technologies by 12.1% during the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock valued at $20,499,000 after buying an additional 545,492 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Evolv Technologies by 14.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock valued at $11,426,000 after acquiring an additional 355,611 shares during the period. State Street Corp increased its stake in Evolv Technologies by 3.0% in the 3rd quarter. State Street Corp now owns 2,663,078 shares of the company’s stock worth $10,785,000 after purchasing an additional 78,775 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Evolv Technologies by 20.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 924,153 shares of the company’s stock valued at $3,743,000 after purchasing an additional 158,877 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake 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 purchasing an additional 543,322 shares during the period. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Up 4.3 %

NASDAQ:EVLV opened at $3.91 on Wednesday. The stock has a market cap of $616.02 million, a P/E ratio of -27.93 and a beta of 1.67. The business’s 50-day moving average price is $3.39 and its two-hundred day moving average price is $3.36. Evolv Technologies has a twelve month low of $2.01 and a twelve month high of $5.73.

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.