Ameritas Advisory Services LLC Buys Shares of 82,214 Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Ameritas Advisory Services LLC acquired a new position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 82,214 shares of the company's stock, valued at approximately $325,000. Ameritas Advisory Services LLC owned about 0.05% of Evolv Technologies as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Evolv Technologies by 352.3% in the third quarter. Barclays PLC now owns 211,551 shares of the company's stock valued at $856,000 after buying an additional 164,775 shares during the period. Ironwood Investment Management LLC acquired a new position in shares of Evolv Technologies during the 2nd quarter valued at $724,000. Geode Capital Management LLC boosted its position 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 worth $11,426,000 after purchasing an additional 355,611 shares during the period. GSA Capital Partners LLP increased its holdings in Evolv Technologies by 159.4% in the 3rd 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 period. 66.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVLV has been the topic of several analyst reports. TD Cowen downgraded Evolv Technologies from a "strong-buy" rating to a "strong sell" rating in a report on Monday, October 28th. Lake Street Capital cut their price objective on shares of Evolv Technologies from $3.50 to $2.75 and set a "hold" rating on the stock in a report on Monday, October 28th. Northland Securities lowered Evolv Technologies from an "outperform" rating to a "market perform" rating in a research report on Monday, October 28th. Finally, Northland Capmk cut shares of Evolv Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.60.

Evolv Technologies Price Performance

Evolv Technologies stock traded up $0.20 during mid-day trading on Friday, hitting $4.15. The company's stock had a trading volume of 2,571,833 shares, compared to its average volume of 1,861,527. Evolv Technologies Holdings, Inc. has a 52-week low of $2.01 and a 52-week high of $5.73. The firm's 50 day moving average is $3.62 and its 200 day moving average is $3.53. The company has a market cap of $653.04 million, a PE ratio of -29.68 and a beta of 1.66.

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.