Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $3.22, but opened at $3.78. Evolv Technologies shares last traded at $3.68, with a volume of 1,187,515 shares changing hands.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on EVLV. Lake Street Capital reduced their target price on shares of Evolv Technologies from $3.50 to $2.75 and set a "hold" rating for the company in a report on Monday, October 28th. Northland Capmk lowered Evolv Technologies from a "strong-buy" rating to a "hold" rating in a research note 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, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $5.60.
Get Our Latest Research Report on Evolv Technologies
Evolv Technologies Price Performance
The stock has a market cap of $655.41 million, a price-to-earnings ratio of -29.71 and a beta of 1.66. The stock's 50 day simple moving average is $3.65 and its two-hundred day simple moving average is $3.54.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Evolv Technologies in the 3rd quarter worth approximately $44,000. First Bank & Trust acquired a new position in Evolv Technologies in the third quarter worth $52,000. Sequoia Financial Advisors LLC grew its holdings in shares of Evolv Technologies by 50.5% during the third quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company's stock worth $62,000 after purchasing an additional 5,100 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Evolv Technologies in the third quarter valued at $63,000. Finally, Phillips Financial Management LLC bought a new position in shares of Evolv Technologies in the third quarter valued at about $99,000. 66.65% of the stock is currently owned by institutional investors and hedge funds.
About Evolv Technologies
(
Get Free Report)
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.
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