LADENBURG THALM/SH SH started coverage on shares of Evolv Technologies (NASDAQ:EVLV – Free Report) in a report issued on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $8.00 price target on the stock.
EVLV has been the topic of a number of other reports. Craig Hallum reissued a “buy” rating and issued a $11.25 price target on shares of Evolv Technologies in a research report on Wednesday, August 12th. Wall Street Zen raised Evolv Technologies from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. TD Cowen reissued a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a report on Tuesday, June 9th. Finally, Zacks Research cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.81.
Get Our Latest Research Report on EVLV
Evolv Technologies Trading Up 0.8%
Evolv Technologies (NASDAQ:EVLV – Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Evolv Technologies had a negative return on equity of 4.53% and a negative net margin of 3.05%.The business had revenue of $43.75 million during the quarter, compared to analysts’ expectations of $41.80 million. As a group, sell-side analysts expect that Evolv Technologies will post -0.2 EPS for the current fiscal year.
Insider Activity at Evolv Technologies
In other news, Director Richard Shapiro purchased 19,100 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of $4.96 per share, for a total transaction of $94,736.00. Following the completion of the acquisition, the director directly owned 39,000 shares in the company, valued at $193,440. This represents a 95.98% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Evolv Technologies
Hedge funds have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. purchased a new stake in Evolv Technologies during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Evolv Technologies by 471.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock worth $49,000 after purchasing an additional 5,614 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of Evolv Technologies by 33.3% during the second quarter. FNY Investment Advisers LLC now owns 10,000 shares of the company’s stock valued at $58,000 after purchasing an additional 2,500 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Evolv Technologies during the second quarter valued at $63,000. Finally, AlphaCore Capital LLC purchased a new stake in shares of Evolv Technologies during the fourth quarter valued at $72,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.
Evolv Technologies Company Profile
Evolv Technologies, Inc is a publicly traded American security technology company that develops and markets AI-driven weapons detection and screening solutions. The company’s proprietary platform combines advanced sensors, computer vision software and machine learning algorithms to identify potential threats—such as firearms and knives—while minimizing false positives and preserving high throughput. Evolv’s systems are designed to replace or supplement traditional metal detectors and manual bag checks in high-traffic venues.
The company’s flagship product, Evolv Express, integrates seamlessly into existing security checkpoints, allowing guests to pass through without stopping or emptying their pockets.
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