Resolute Capital Asset Partners LLC Invests $510,000 in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Resolute Capital Asset Partners LLC purchased a new position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 200,000 shares of the company's stock, valued at approximately $510,000. Resolute Capital Asset Partners LLC owned approximately 0.13% of Evolv Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Evolv Technologies by 6.0% during the 1st quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company's stock valued at $32,013,000 after acquiring an additional 407,396 shares during the last quarter. Glenview Capital Management LLC boosted its position in shares of Evolv Technologies by 21.7% in the 4th quarter. Glenview Capital Management LLC now owns 5,599,039 shares of the company's stock valued at $26,427,000 after purchasing an additional 1,000,000 shares during the period. Edge Capital Group LLC increased its stake in Evolv Technologies by 1.2% in the 4th quarter. Edge Capital Group LLC now owns 4,819,327 shares of the company's stock worth $22,747,000 after purchasing an additional 56,500 shares in the last quarter. Key Colony Management LLC raised its holdings in Evolv Technologies by 64.5% during the 1st quarter. Key Colony Management LLC now owns 4,577,027 shares of the company's stock worth $20,368,000 after buying an additional 1,795,099 shares during the period. Finally, Sapient Capital LLC lifted its stake in Evolv Technologies by 7.3% during the second quarter. Sapient Capital LLC now owns 737,136 shares of the company's stock valued at $1,880,000 after buying an additional 50,400 shares in the last quarter. 66.65% of the stock is currently owned by institutional investors.

Evolv Technologies Stock Up 3.9 %

NASDAQ EVLV traded up $0.16 during midday trading on Thursday, hitting $4.29. The company had a trading volume of 2,098,360 shares, compared to its average volume of 1,540,423. The firm has a fifty day simple moving average of $3.52 and a two-hundred day simple moving average of $3.38. Evolv Technologies Holdings, Inc. has a fifty-two week low of $2.01 and a fifty-two week high of $5.73. The stock has a market cap of $669.61 million, a price-to-earnings ratio of -7.03 and a beta of 1.25.

Evolv Technologies (NASDAQ:EVLV - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.15. The business had revenue of $25.54 million during the quarter, compared to analyst estimates of $23.57 million. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.42%. As a group, equities analysts predict that Evolv Technologies Holdings, Inc. will post -0.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Northland Securities dropped their target price on shares of Evolv Technologies from $6.50 to $5.50 and set an "outperform" rating on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.75.

Evolv Technologies 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.