Evolv Technologies (NASDAQ:EVLV) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Evolv Technologies (NASDAQ:EVLV) from a hold rating to a sell rating in a research note released on Saturday morning.

A number of other research analysts have also recently weighed in on the company. Craig Hallum reaffirmed a “buy” rating and set a $11.25 price objective on shares of Evolv Technologies in a research report on Wednesday, August 12th. Weiss Ratings raised shares of Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. TD Cowen reiterated a “buy” rating and issued a $10.00 price target on shares of Evolv Technologies in a research report on Tuesday, June 9th. Finally, Zacks Research cut shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.42.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $5.25 on Friday. The firm’s 50-day moving average price is $5.73 and its 200-day moving average price is $5.88. Evolv Technologies has a 52-week low of $4.86 and a 52-week high of $8.81. The company has a market cap of $950.91 million, a PE ratio of -175.00 and a beta of 1.80. The company has a quick ratio of 1.11, a current ratio of 1.18 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The firm had revenue of $43.75 million during the quarter, compared to the consensus estimate of $41.80 million. Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%. As a group, analysts anticipate that Evolv Technologies will post -0.2 EPS for the current year.

Institutional Trading of Evolv Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFC & Insurance Marketing Inc. bought a new position in Evolv Technologies in the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after buying an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC raised its position in shares of Evolv Technologies by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $58,000 after buying an additional 2,500 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of Evolv Technologies during the fourth quarter valued at approximately $72,000. Finally, Cibc World Markets Corp purchased a new position in shares of Evolv Technologies in the fourth quarter worth $72,000. Institutional investors own 66.65% of the company’s stock.

About Evolv Technologies

Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.

The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.