Evolv Technologies Holdings, Inc. $EVLV Shares Purchased by Militia Capital Partners LP

Militia Capital Partners LP boosted its position in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 108.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 260,000 shares of the company’s stock after buying an additional 135,000 shares during the quarter. Militia Capital Partners LP’s holdings in Evolv Technologies were worth $811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP purchased a new position in shares of Evolv Technologies in the fourth quarter worth about $899,000. Price T Rowe Associates Inc. MD raised its stake in Evolv Technologies by 25.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,225 shares of the company’s stock worth $211,000 after purchasing an additional 10,748 shares during the period. Northern Trust Corp raised its stake in Evolv Technologies by 6.3% during the fourth quarter. Northern Trust Corp now owns 1,136,210 shares of the company’s stock worth $4,488,000 after purchasing an additional 67,146 shares during the period. Ameriprise Financial Inc. purchased a new position in Evolv Technologies during the fourth quarter worth about $74,000. Finally, BNP Paribas Financial Markets purchased a new position in Evolv Technologies during the fourth quarter worth about $75,000. Institutional investors and hedge funds own 66.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EVLV. Northland Capmk upgraded shares of Evolv Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 20th. Lake Street Capital upgraded shares of Evolv Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $5.50 to $9.00 in a research report on Friday, August 15th. Zacks Research cut shares of Evolv Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 27th. Wall Street Zen upgraded shares of Evolv Technologies from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, TD Cowen restated a “buy” rating and issued a $10.00 price objective on shares of Evolv Technologies in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Evolv Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $8.88.

Evolv Technologies Stock Up 0.1%

NASDAQ EVLV opened at $7.98 on Friday. Evolv Technologies Holdings, Inc. has a 52 week low of $2.04 and a 52 week high of $8.91. The stock has a market capitalization of $1.37 billion, a PE ratio of -14.51 and a beta of 1.71. The firm has a 50 day moving average of $7.14 and a two-hundred day moving average of $5.26.

Evolv Technologies (NASDAQ:EVLV) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.16). The company had revenue of $26.68 million for the quarter, compared to analysts’ expectations of $30.95 million. Evolv Technologies had a negative return on equity of 76.80% and a negative net margin of 73.04%. Evolv Technologies has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Evolv Technologies Holdings, Inc. will post -0.27 earnings per share for the current fiscal year.

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.