Evolv Technologies (NASDAQ:EVLV) PT Lowered to $5.50 at Northland Securities

Evolv Technologies (NASDAQ:EVLV) had its price objective decreased by Northland Securities from $6.50 to $5.50 in a report published on Monday morning, Benzinga reports. Northland Securities currently has an outperform rating on the stock.

Several other research firms have also commented on EVLV. TD Cowen lowered their price target on shares of Evolv Technologies from $7.00 to $6.00 and set a buy rating on the stock in a research report on Friday, May 10th. Lake Street Capital cut Evolv Technologies from a buy rating to a hold rating and lowered their target price for the company from $6.00 to $3.50 in a report on Friday, May 10th. Finally, Craig Hallum began coverage on Evolv Technologies in a report on Monday, May 20th. They issued a buy rating and a $5.75 price target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $5.75.

Evolv Technologies Price Performance

Evolv Technologies stock opened at $3.05 on Monday. The firm has a market capitalization of $476.07 million, a PE ratio of -5.00 and a beta of 1.24. Evolv Technologies has a 52 week low of $2.01 and a 52 week high of $8.05. The firm’s 50-day simple moving average is $2.81 and its 200 day simple moving average is $3.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Arizona State Retirement System boosted its holdings in shares of Evolv Technologies by 17.3% during the fourth quarter. Arizona State Retirement System now owns 27,254 shares of the company’s stock worth $129,000 after purchasing an additional 4,010 shares during the last quarter. Bleakley Financial Group LLC purchased a new stake in Evolv Technologies in the 4th quarter valued at about $67,000. Simplicity Solutions LLC acquired a new position in shares of Evolv Technologies during the 4th quarter valued at about $67,000. Strs Ohio lifted its holdings in shares of Evolv Technologies by 284.9% during the 4th quarter. Strs Ohio now owns 84,300 shares of the company’s stock worth $397,000 after acquiring an additional 62,400 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Evolv Technologies by 26.2% during the 4th quarter. Victory Capital Management Inc. now owns 12,682 shares of the company’s stock worth $60,000 after acquiring an additional 2,629 shares during the period. 66.65% of the stock is currently owned by institutional investors and hedge funds.

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.