Phillips Financial Management LLC Makes New $99,000 Investment in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Phillips Financial Management LLC purchased a new stake in Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,408 shares of the company’s stock, valued at approximately $99,000.

A number of other hedge funds also recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its holdings in Evolv Technologies by 159.4% in the third quarter. GSA Capital Partners LLP now owns 884,224 shares of the company’s stock valued at $3,581,000 after buying an additional 543,322 shares during the period. First Bank & Trust acquired a new position in shares of Evolv Technologies in the 3rd quarter valued at about $52,000. Sequoia Financial Advisors LLC boosted its position in shares of Evolv Technologies by 50.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,190 shares of the company’s stock valued at $62,000 after purchasing an additional 5,100 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in Evolv Technologies during the third quarter worth approximately $1,614,000. Finally, Key Colony Management LLC increased its holdings in Evolv Technologies by 12.1% in the third quarter. Key Colony Management LLC now owns 5,061,463 shares of the company’s stock worth $20,499,000 after purchasing an additional 545,492 shares in the last quarter. 66.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Northland Capmk cut Evolv Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Northland Securities lowered shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, October 28th. 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. Finally, Lake Street Capital dropped their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.60.

Evolv Technologies Trading Up 3.9 %

NASDAQ EVLV opened at $2.68 on Tuesday. The company has a market cap of $422.23 million, a P/E ratio of -19.14 and a beta of 1.34. The company has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.21. 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.