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

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) has been given a consensus rating of “Hold” by the six analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $5.60.

A number of research firms have weighed in on EVLV. Northland Capmk lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. TD Cowen lowered shares of 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 price target 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. Finally, Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th.

Evolv Technologies Price Performance

EVLV opened at $3.77 on Wednesday. The firm has a market cap of $593.96 million, a P/E ratio of -26.93 and a beta of 1.67. Evolv Technologies has a 1-year low of $2.01 and a 1-year high of $5.73. The company has a 50 day simple moving average of $3.42 and a two-hundred day simple moving average of $3.33.

Hedge Funds Weigh In On Evolv Technologies

Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in Evolv Technologies during the third quarter valued at $63,000. Barclays PLC raised its stake in Evolv Technologies by 352.3% during the third quarter. Barclays PLC now owns 211,551 shares of the company’s stock valued at $856,000 after purchasing an additional 164,775 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 purchasing an additional 355,611 shares in the last quarter. Wexford Capital LP purchased a new stake in Evolv Technologies during the third quarter valued at $810,000. Finally, State Street Corp raised its stake in Evolv Technologies by 3.0% during the third quarter. State Street Corp now owns 2,663,078 shares of the company’s stock valued at $10,785,000 after purchasing an additional 78,775 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

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.