1 day Ago By ABMN Staff
Evolv Technologies Holdings, Inc. ( NASDAQ:EVLV – Get Free Report ) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 5,513 call options on the stock.
This represents an increase of approximately 1,690% compared to the average daily volume of 308 call options. Institutional Trading of Evolv Technologies A number of institutional investors have recently bought and sold shares of the business. Ironwood Investment Management LLC acquired a new position in shares of Evolv Technologies in the 2nd quarter valued at $724,000.
The Manufacturers Life Insurance Company grew its holdings in shares of Evolv Technologies by 15.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,399 shares of the company’s stock valued at $134,000 after buying an additional 7,119 shares during the period.
Marathon Capital Management grew its holdings in shares of Evolv Technologies by 6.5% in the 2nd quarter. Marathon Capital Management now owns 527,450 shares of the company’s stock valued at $1,345,000 after buying an additional 32,000 shares during the period.
Resolute Capital Asset Partners LLC bought a new stake in Evolv Technologies in the 2nd quarter valued at $510,000. Finally, Arizona State Retirement System lifted its position in Evolv Technologies by 12.9% in the 2nd quarter.
Arizona State Retirement System now owns 30,488 shares of the company’s stock valued at $78,000 after acquiring an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.
Analyst Ratings Changes Separately, Northland Securities lowered their price target on shares of Evolv Technologies from $6.50 to $5.50 and set an “outperform” rating on the stock in a research note on Monday, August 12th.
One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Evolv Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $5.
75. Evolv Technologies Trading Down 1.2 % Shares of NASDAQ EVLV opened at $4.
14 on Wednesday. Evolv Technologies has a one year low of $2.01 and a one year high of $5.
73. The firm has a market capitalization of $646.20 million, a PE ratio of -6.
79 and a beta of 1.25. The business has a 50-day moving average price of $3.
46 and a two-hundred day moving average price of $3.38. Evolv Technologies ( NASDAQ:EVLV – Get Free Report ) last issued its quarterly earnings results on Thursday, August 8th.
The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.
15. Evolv Technologies had a negative return on equity of 28.57% and a negative net margin of 21.
42%. The company had revenue of $25.54 million for the quarter, compared to the consensus estimate of $23.
57 million. Research analysts anticipate that Evolv Technologies will post -0.26 EPS for the current year.
Evolv Technologies Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Evolv Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evolv Technologies and related companies with MarketBeat.
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