Evolv Technologies Holdings (EVLV) Receives a Buy from Craig-Hallum

Craig-Hallum analyst Jeremy Hamblin maintained a Buy rating on Evolv Technologies Holdings today. The company’s shares opened today at $8.61.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Hamblin covers the Consumer Cyclical sector, focusing on stocks such as Five Below, Arhaus, and Citi Trends. According to TipRanks, Hamblin has an average return of 13.6% and a 55.91% success rate on recommended stocks.

Currently, the analyst consensus on Evolv Technologies Holdings is a Strong Buy with an average price target of $9.20, representing a 6.85% upside. In a report released on October 1, Northland Securities also reiterated a Buy rating on the stock with a $9.50 price target.

Based on Evolv Technologies Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $32.54 million and a GAAP net loss of $40.54 million. In comparison, last year the company earned a revenue of $25.54 million and had a net profit of $3.46 million

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EVLV in relation to earlier this year.