Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Get Free Report) saw unusually large options trading activity on Tuesday. Traders bought 5,513 call options on the stock. This is an increase of 1,690% compared to the average daily volume of 308 call options.
Wall Street Analyst Weigh In
Several brokerages have commented on EVLV. TD Cowen reiterated a “buy” rating and set a $10.00 price target on shares of Evolv Technologies in a report on Friday, August 15th. Cantor Fitzgerald raised their target price on shares of Evolv Technologies from $7.00 to $9.00 and gave the company an “overweight” rating in a research note on Friday, August 15th. Lake Street Capital upgraded shares of Evolv Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $5.50 to $9.00 in a report on Friday, August 15th. Finally, Zacks Research lowered shares of Evolv Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.88.
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Insider Activity at Evolv Technologies
In other Evolv Technologies news, major shareholder Gates Frontier, Llc sold 776,236 shares of the firm’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $8.20, for a total transaction of $6,365,135.20. Following the transaction, the insider directly owned 17,189,096 shares in the company, valued at $140,950,587.20. This trade represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 11.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Evolv Technologies
Institutional investors and hedge funds have recently bought and sold shares of the business. GatePass Capital LLC bought a new stake in Evolv Technologies in the second quarter valued at $936,000. Tower Research Capital LLC TRC boosted its stake in shares of Evolv Technologies by 300.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 20,577 shares of the company’s stock valued at $128,000 after purchasing an additional 15,434 shares in the last quarter. Militia Capital Partners LP grew its holdings in shares of Evolv Technologies by 26.9% in the 2nd quarter. Militia Capital Partners LP now owns 330,000 shares of the company’s stock worth $2,059,000 after purchasing an additional 70,000 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Evolv Technologies during the 2nd quarter worth about $7,041,000. Finally, BNP Paribas Financial Markets lifted its holdings in Evolv Technologies by 38.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 12,985 shares of the company’s stock valued at $81,000 after purchasing an additional 3,596 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.
Evolv Technologies Stock Performance
NASDAQ EVLV opened at $7.55 on Wednesday. Evolv Technologies has a twelve month low of $2.04 and a twelve month high of $8.91. The stock has a market cap of $1.30 billion, a PE ratio of -13.73 and a beta of 1.71. The firm has a 50-day simple moving average of $7.75 and a 200 day simple moving average of $5.72.
Evolv Technologies (NASDAQ:EVLV – Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.16). Evolv Technologies had a negative net margin of 73.04% and a negative return on equity of 76.80%. The firm had revenue of $26.68 million during the quarter, compared to analyst estimates of $30.95 million. Evolv Technologies has set its FY 2025 guidance at EPS. Research analysts forecast that Evolv Technologies will post -0.27 earnings per share for the current fiscal year.
Evolv Technologies Company Profile
(Get Free Report)
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.
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