HighTower Advisors LLC Increases Stock Position in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

HighTower Advisors LLC raised its stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 3.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 202,680 shares of the company’s stock after purchasing an additional 6,183 shares during the quarter. HighTower Advisors LLC’s holdings in Evolv Technologies were worth $820,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EVLV. Key Colony Management LLC lifted its position in Evolv Technologies by 12.1% in the 3rd quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock worth $20,499,000 after buying an additional 545,492 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Evolv Technologies by 159.4% during the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock worth $3,581,000 after acquiring an additional 543,322 shares in the last quarter. Essex Investment Management Co. LLC purchased a new position in shares of Evolv Technologies during the third quarter worth approximately $1,614,000. Ironwood Investment Management LLC bought a new stake in shares of Evolv Technologies in the 2nd quarter worth approximately $724,000. Finally, Resolute Capital Asset Partners LLC purchased a new stake in shares of Evolv Technologies in the 2nd quarter valued at $510,000. Institutional investors own 66.65% of the company’s stock.

Analysts Set New Price Targets

EVLV has been the topic of a number of analyst reports. TD Cowen cut shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, October 28th. Lake Street Capital decreased their price objective on Evolv Technologies from $3.50 to $2.75 and set a “hold” rating on the stock in a report on Monday, October 28th. Northland Securities cut Evolv Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, October 28th. Finally, Northland Capmk cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.60.

Evolv Technologies Trading Down 5.3 %

EVLV stock opened at $3.57 on Thursday. The stock has a market capitalization of $562.45 million, a price-to-earnings ratio of -25.50 and a beta of 1.67. The firm’s 50-day moving average price is $3.41 and its two-hundred day moving average price is $3.33. Evolv Technologies Holdings, Inc. has a 12-month low of $2.01 and a 12-month high of $5.73.

Evolv Technologies 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.