Evolv Technologies (NASDAQ:EVLV) Stock Price Down 5.2% – Time to Sell?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) fell 5.2% on Monday . The stock traded as low as $3.77 and last traded at $3.84. 526,014 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,759,225 shares. The stock had previously closed at $4.05.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on EVLV shares. Northland Capmk downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Northland Securities downgraded Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Lake Street Capital dropped their price objective on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a research note on Monday, October 28th. Finally, TD Cowen downgraded Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.60.

Evolv Technologies Stock Down 1.2 %

The business has a fifty day moving average price of $3.39 and a 200-day moving average price of $3.21. The company has a market cap of $630.20 million, a P/E ratio of -28.79 and a beta of 1.34.

Institutional Trading of Evolv Technologies

Institutional investors have recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in shares of Evolv Technologies in the third quarter valued at approximately $63,000. Barclays PLC boosted its holdings in shares of Evolv Technologies by 352.3% during the 3rd quarter. Barclays PLC now owns 211,551 shares of the company’s stock valued at $856,000 after acquiring an additional 164,775 shares in the last quarter. Geode Capital Management LLC grew its position in Evolv Technologies by 14.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,820,747 shares of the company’s stock worth $11,426,000 after acquiring an additional 355,611 shares during the last quarter. Wexford Capital LP acquired a new position in Evolv Technologies in the 3rd quarter worth about $810,000. Finally, State Street Corp raised its position in Evolv Technologies by 3.0% in the third quarter. State Street Corp now owns 2,663,078 shares of the company’s stock valued at $10,785,000 after purchasing an additional 78,775 shares during the last quarter. Institutional investors own 66.65% of the company’s stock.

Evolv Technologies Company 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.