Emerald Mutual Fund Advisers Trust Acquires 165,100 Shares of Evolv Technologies Holdings, Inc. $EVLV

Emerald Mutual Fund Advisers Trust raised its holdings in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Free Report) by 6.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,667,589 shares of the company’s stock after acquiring an additional 165,100 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Evolv Technologies were worth $16,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of EVLV. Vanguard Group Inc. increased its position in shares of Evolv Technologies by 15.0% in the fourth quarter. Vanguard Group Inc. now owns 13,784,926 shares of the company’s stock worth $98,700,000 after purchasing an additional 1,802,928 shares during the last quarter. Greenwood Gearhart Inc. purchased a new stake in Evolv Technologies in the fourth quarter valued at approximately $1,432,000. Hussman Strategic Advisors Inc. bought a new stake in Evolv Technologies during the fourth quarter valued at approximately $1,804,000. SG Americas Securities LLC lifted its position in Evolv Technologies by 637.1% during the fourth quarter. SG Americas Securities LLC now owns 693,269 shares of the company’s stock valued at $4,964,000 after purchasing an additional 599,215 shares during the last quarter. Finally, Divisadero Street Capital Management LP grew its stake in Evolv Technologies by 1,076.4% in the 3rd quarter. Divisadero Street Capital Management LP now owns 1,427,935 shares of the company’s stock worth $10,781,000 after buying an additional 1,306,554 shares in the last quarter. Institutional investors own 66.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on EVLV

Evolv Technologies Price Performance

Shares of Evolv Technologies stock opened at $5.98 on Tuesday. The firm has a market capitalization of $1.08 billion, a PE ratio of -26.00 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 1.14 and a debt-to-equity ratio of 0.24. Evolv Technologies Holdings, Inc. has a 12 month low of $4.86 and a 12 month high of $8.91. The business’s 50-day moving average price is $6.13 and its 200-day moving average price is $6.09.

Evolv Technologies (NASDAQ:EVLV – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $46.33 million during the quarter, compared to the consensus estimate of $44.23 million. Evolv Technologies had a negative return on equity of 33.53% and a negative net margin of 22.75%. Sell-side analysts forecast that Evolv Technologies Holdings, Inc. will post -0.18 EPS for the current fiscal year.

About Evolv Technologies

(Free Report)

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.

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