Evolv Technologies (NASDAQ:EVLV) Trading Down 7.9% – Time to Sell?

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)’s share price traded down 7.9% during mid-day trading on Thursday . The stock traded as low as $5.41 and last traded at $5.2950. 1,108,214 shares changed hands during trading, a decline of 61% from the average session volume of 2,864,323 shares. The stock had previously closed at $5.75.

Analysts Set New Price Targets

EVLV has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Evolv Technologies in a report on Thursday, January 22nd. Lake Street Capital upped their target price on shares of Evolv Technologies from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.13.

Evolv Technologies Stock Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.27 and a quick ratio of 1.20. The company has a 50 day simple moving average of $5.96 and a 200-day simple moving average of $6.90. The firm has a market cap of $919.90 million, a PE ratio of -25.12 and a beta of 1.89.

Evolv Technologies (NASDAQ:EVLV) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.05. The firm had revenue of $38.50 million for the quarter, compared to the consensus estimate of $36.44 million. Evolv Technologies had a negative net margin of 22.71% and a negative return on equity of 31.47%. As a group, equities research analysts anticipate that Evolv Technologies Holdings, Inc. will post -0.27 EPS for the current year.

Insider Buying and Selling

In other Evolv Technologies news, Director Michael Ellenbogen sold 91,771 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $5.10, for a total value of $468,032.10. Following the completion of the sale, the director directly owned 2,083,961 shares of the company’s stock, valued at $10,628,201.10. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 253,261 shares of company stock valued at $1,410,326. 11.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. bought a new stake in shares of Evolv Technologies in the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its stake in Evolv Technologies by 471.0% in the 4th 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 period. State of Alaska Department of Revenue bought a new stake in Evolv Technologies in the third quarter valued at approximately $60,000. FNY Investment Advisers LLC lifted its position in Evolv Technologies by 48.3% in the fourth quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after purchasing an additional 2,897 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in shares of Evolv Technologies during the fourth quarter valued at approximately $72,000. 66.65% of the stock is owned by 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.