Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Receives Average Recommendation of "Hold" from Analysts

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) has been assigned an average rating of "Hold" from the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.60.

Several analysts recently weighed in on EVLV shares. Northland Capmk cut shares of Evolv Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. TD Cowen downgraded 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 lowered their target price on shares of Evolv Technologies from $3.50 to $2.75 and set a "hold" rating for the company in a research note on Monday, October 28th. Finally, Northland Securities cut Evolv Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, October 28th.

Institutional Investors Weigh In On Evolv Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Key Colony Management LLC increased its holdings in shares of Evolv Technologies by 12.1% in the 3rd quarter. Key Colony Management LLC now owns 5,061,463 shares of the company's stock valued at $20,499,000 after acquiring an additional 545,492 shares during the period. Geode Capital Management LLC grew 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 last quarter. State Street Corp increased its stake in Evolv Technologies by 3.0% in 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 buying an additional 158,877 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company's stock worth $3,581,000 after buying an additional 543,322 shares during the period. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Trading Down 4.9 %

EVLV traded down $0.16 on Friday, hitting $3.09. 1,878,539 shares of the company were exchanged, compared to its average volume of 1,753,886. The firm has a 50-day moving average price of $3.48 and a two-hundred day moving average price of $3.49. Evolv Technologies has a twelve month low of $2.01 and a twelve month high of $5.73. The company has a market cap of $486.83 million, a price-to-earnings ratio of -22.07 and a beta of 1.66.

About Evolv Technologies

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.