Evolv Technologies (NASDAQ:EVLV) Issues Earnings Results

Evolv Technologies (NASDAQ:EVLV) announced its earnings results on Tuesday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.07, Zacks reports. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. Evolv Technologies updated its FY 2025 guidance to EPS.

Evolv Technologies Trading Down 3.5%

NASDAQ EVLV traded down $0.20 during trading hours on Tuesday, reaching $5.54. The company had a trading volume of 4,545,949 shares, compared to its average volume of 1,885,090. The stock has a market capitalization of $905.62 million, a P/E ratio of -39.57 and a beta of 1.61. The stock has a 50-day moving average of $3.58 and a 200 day moving average of $3.56. Evolv Technologies has a 1-year low of $2.04 and a 1-year high of $5.89.

Institutional Trading of Evolv Technologies

A hedge fund recently raised its stake in Evolv Technologies stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 6.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,928 shares of the company’s stock after buying an additional 5,050 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Evolv Technologies were worth $249,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 66.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital lifted their target price on shares of Evolv Technologies from $2.75 to $4.00 and gave the stock a “hold” rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.08.

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.