Emerald Advisers LLC Boosts Position in Evolv Technologies Holdings, Inc. $EVLV

Emerald Advisers LLC raised its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 3.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,333,055 shares of the company’s stock after acquiring an additional 161,812 shares during the quarter. Emerald Advisers LLC’s holdings in Evolv Technologies were worth $26,215,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. IFC & Insurance Marketing Inc. acquired a new stake in shares of Evolv Technologies in the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Evolv Technologies by 471.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 6,806 shares of the company’s stock valued at $49,000 after acquiring an additional 5,614 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in shares of Evolv Technologies by 48.3% during the 4th quarter. FNY Investment Advisers LLC now owns 8,897 shares of the company’s stock valued at $63,000 after acquiring an additional 2,897 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Evolv Technologies during the 4th quarter valued at $72,000. Finally, Cibc World Markets Corp purchased a new stake in Evolv Technologies during the 4th quarter worth $72,000. 66.65% of the stock is currently owned by hedge funds and other institutional investors.

Evolv Technologies Trading Up 1.0%

EVLV opened at $5.98 on Tuesday. The firm has a market capitalization of $1.08 billion, a P/E ratio of -26.00 and a beta of 1.77. The firm’s 50 day moving average is $6.13 and its 200-day moving average is $6.09. Evolv Technologies Holdings, Inc. has a 52-week low of $4.86 and a 52-week high of $8.91. The company has a quick ratio of 1.14, a current ratio of 1.21 and a debt-to-equity ratio of 0.24.

Evolv Technologies (NASDAQ:EVLV) last posted its earnings results on Tuesday, May 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $46.33 million for the quarter, compared to analysts’ expectations of $44.23 million. Evolv Technologies had a negative net margin of 22.75% and a negative return on equity of 33.53%. Analysts expect that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Zacks Research downgraded Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded Evolv Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $10.00 target price on shares of Evolv Technologies in a research report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Evolv Technologies presently has an average rating of “Hold” and a consensus target price of $9.67.

Evolv Technologies 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.