Price T Rowe Associates Inc. MD has $147,000 position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Price T Rowe Associates Inc. MD grew its position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV – Free Report) by 18.2% during the first quarter, HoldingsChannel.com reports. The fund owned 32,813 shares of the company’s stock after buying an additional 5,062 shares during the quarter. Price T Rowe Associates Inc Holdings MD’s holdings in Evolv Technologies were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its stake in Evolv Technologies by 84.5% in the first quarter. MCF Advisors LLC now owns 6,549 shares of the company’s stock worth $29,000 after purchasing an additional 3,000 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Evolv Technologies in the 1st quarter worth approximately $45,000. Worth Venture Partners LLC acquired a new stake in shares of Evolv Technologies in the 4th quarter valued at approximately $53,000. Victory Capital Management Inc. raised its stake in 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 buying an additional 2,629 shares in the last quarter. Finally, Simplicity Solutions LLC purchased a new stake in shares of Evolv Technologies in the 4th quarter worth approximately $67,000. Institutional investors and hedge funds own 66.65% of the company’s shares.

Evolv Technologies stock performance

NASDAQ:EVLV opened at $3.57 on Friday. Evolv Technologies Holdings, Inc. it has a 52-week low of $2.01 and a 52-week high of $7.09. The firm has a market cap of $557.23 million, a price-to-earnings ratio of -5.85 and a beta of 1.24. The company’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.52.

Analyst upgrades and downgrades

EVLV has been the subject of a number of research reports. Craig Hallum initiated coverage on shares of Evolv Technologies in a research note on Monday, May 20th. They set a “buy” rating and a $5.75 price target for the company. TD Cowen cut their price target on shares of Evolv Technologies from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Northland Securities decreased their target price on shares of Evolv Technologies from $6.50 to $5.50 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Finally, Lake Street Capital cut shares of Evolv Technologies from a “buy” rating to a “hold” rating and cut their price target for the stock from $6.00 to $3.50 in the a research report on Friday, May 10. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average target price of $5.75, according to MarketBeat .

Check out the latest stock analysis on Evolv Technologies

About Evolv Technologies

(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 no-touch security screening system designed to detect firearms, improvised explosive devices and tactical knives; and Evolv Insights, which provides self-service access, information on visitor flow and arrival curves, location-specific performance, system detection performance and alarm statistics.

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