Brokerages Set Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) Price Target at $5.60

Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) have been assigned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $5.60.

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

Institutional Trading of Evolv Technologies

A number of institutional investors have recently added to or reduced their stakes in EVLV. Silvercrest Asset Management Group LLC acquired a new stake in shares of Evolv Technologies during the 1st quarter valued at approximately $2,897,000. Key Colony Management LLC increased its position in shares of Evolv Technologies by 12.1% in the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock valued at $20,499,000 after buying an additional 545,492 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Evolv Technologies by 159.4% in the 3rd 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Evolv Technologies by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 7,193,962 shares of the company’s stock worth $32,013,000 after buying an additional 407,396 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in Evolv Technologies in the 3rd quarter valued at about $1,614,000. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Up 3.4 %

EVLV opened at $4.05 on Friday. Evolv Technologies has a 52 week low of $2.01 and a 52 week high of $5.73. The business has a 50 day moving average price of $3.40 and a two-hundred day moving average price of $3.20. The company has a market cap of $638.08 million, a PE ratio of -28.93 and a beta of 1.34.

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.