Charles Schwab Investment Management Inc. Purchases 158,877 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 20.8% during the 3rd quarter, Holdings Channel reports. The fund owned 924,153 shares of the company’s stock after buying an additional 158,877 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Evolv Technologies were worth $3,743,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in shares of Evolv Technologies during the third quarter valued at approximately $167,000. Phillips Financial Management LLC purchased a new stake in Evolv Technologies during the third quarter worth $99,000. GSA Capital Partners LLP boosted its position in Evolv Technologies by 159.4% during the 3rd quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after acquiring an additional 543,322 shares in the last quarter. First Bank & Trust purchased a new position in shares of Evolv Technologies in the 3rd quarter valued at $52,000. Finally, Sequoia Financial Advisors LLC raised its position in shares of Evolv Technologies by 50.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock worth $62,000 after acquiring an additional 5,100 shares in the last quarter. Hedge funds and other institutional investors own 66.65% of the company’s stock.

Evolv Technologies Stock Down 2.6 %

NASDAQ:EVLV opened at $3.75 on Friday. The stock’s fifty day moving average is $3.42 and its two-hundred day moving average is $3.31. The company has a market capitalization of $590.81 million, a P/E ratio of -26.79 and a beta of 1.67. Evolv Technologies Holdings, Inc. has a 52 week low of $2.01 and a 52 week high of $5.73.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EVLV shares. Northland Securities downgraded Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. Lake Street Capital lowered their price target on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a report on Monday, October 28th. Northland Capmk lowered shares of Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, TD Cowen downgraded shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $5.60.

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.