Evolv Technologies (NASDAQ:EVLV) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Evolv Technologies (NASDAQ:EVLV) released its quarterly earnings results on Tuesday. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.07, Zacks reports. Evolv Technologies had a negative net margin of 21.42% and a negative return on equity of 28.57%. Evolv Technologies updated its FY 2025 guidance to EPS.

Evolv Technologies Stock Performance

Shares of NASDAQ EVLV opened at $5.54 on Wednesday. The stock has a market cap of $905.62 million, a PE ratio of -39.57 and a beta of 1.61. The business has a fifty day moving average of $3.63 and a two-hundred day moving average of $3.57. Evolv Technologies has a 52-week low of $2.04 and a 52-week high of $5.89.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Evolv Technologies stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 6.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,928 shares of the company’s stock after purchasing an additional 5,050 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Evolv Technologies were worth $249,000 as of its most recent SEC filing. 66.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upped their price target on shares of Evolv Technologies from $2.75 to $4.00 and gave the company a “hold” rating in a report on Wednesday, April 30th.

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.