Verition Fund Management LLC Buys 24,259 Shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Verition Fund Management LLC increased its stake in shares of Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) by 147.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,715 shares of the company’s stock after purchasing an additional 24,259 shares during the period. Verition Fund Management LLC’s holdings in Evolv Technologies were worth $165,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Foundations Investment Advisors LLC purchased a new stake in Evolv Technologies during the 2nd quarter valued at $30,000. Worth Financial Advisory Group LLC grew its holdings in shares of Evolv Technologies by 42.0% in the second quarter. Worth Financial Advisory Group LLC now owns 15,000 shares of the company’s stock worth $38,000 after acquiring an additional 4,435 shares during the period. SG Americas Securities LLC purchased a new stake in Evolv Technologies during the third quarter valued at $44,000. Principal Financial Group Inc. lifted its holdings in Evolv Technologies by 30.5% in the second quarter. Principal Financial Group Inc. now owns 17,650 shares of the company’s stock valued at $45,000 after acquiring an additional 4,127 shares during the period. Finally, First Bank & Trust purchased a new position in Evolv Technologies in the third quarter worth about $52,000. 66.65% of the stock is owned by hedge funds and other institutional investors.

Evolv Technologies Price Performance

Shares of NASDAQ EVLV opened at $3.89 on Tuesday. The stock has a market cap of $612.87 million, a PE ratio of -27.79 and a beta of 1.67. Evolv Technologies Holdings, Inc. has a 1 year low of $2.01 and a 1 year high of $5.73. The firm has a fifty day moving average price of $3.42 and a 200-day moving average price of $3.32.

Analyst Upgrades and Downgrades

EVLV has been the subject of several research reports. Lake Street Capital reduced their price target on shares of Evolv Technologies from $3.50 to $2.75 and set a “hold” rating for the company in a research report on Monday, October 28th. Northland Securities downgraded shares of Evolv Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, October 28th. TD Cowen downgraded shares of Evolv Technologies from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, October 28th. Finally, Northland Capmk lowered Evolv Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.