Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives $9.13 Average Price Target from Brokerages

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.1250.

A number of equities analysts have commented on EVLV shares. Weiss Ratings restated a “sell (d-)” rating on shares of Evolv Technologies in a research note on Thursday, January 22nd. Lake Street Capital increased their price objective on Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, November 14th.

Insider Activity

In other news, Director Michael Ellenbogen sold 80,745 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $5.47, for a total transaction of $441,675.15. Following the transaction, the director owned 2,083,961 shares in the company, valued at approximately $11,399,266.67. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 11.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Evolv Technologies by 6.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,928 shares of the company’s stock valued at $249,000 after purchasing an additional 5,050 shares in the last quarter. Sigma Planning Corp purchased a new position in Evolv Technologies during the second quarter valued at approximately $807,000. Fox Run Management L.L.C. purchased a new position in Evolv Technologies during the second quarter valued at approximately $124,000. Los Angeles Capital Management LLC bought a new position in Evolv Technologies in the second quarter worth approximately $817,000. Finally, Olympiad Research LP purchased a new stake in Evolv Technologies during the second quarter worth $139,000. 66.65% of the stock is currently owned by institutional investors.

Evolv Technologies Stock Down 2.6%

Shares of EVLV opened at $4.90 on Friday. The firm has a fifty day moving average price of $6.36 and a 200-day moving average price of $7.10. The company has a current ratio of 1.27, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $855.64 million, a P/E ratio of -13.24 and a beta of 1.86. Evolv Technologies has a 12-month low of $2.64 and a 12-month high of $8.91.

Evolv Technologies Company Profile

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.