Evolv Technologies Sees Unusually Large Options Volume (NASDAQ:EVLV)

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors acquired 5,513 call options on the stock. This is an increase of 1,690% compared to the typical daily volume of 308 call options.Get Evolv Technologies alerts:Evolv Technologies Trading Up 17.0 %Evolv Technologies Had a Bad Week, Is it Time to Buy or Fade?Evolv Technologies stock opened at $2.82 on Wednesday. The company's 50-day moving average price is $3.91 and its two-hundred day moving average price is $4.27. The stock has a market cap of $440.17 million, a price-to-earnings ratio of -4.62 and a beta of 1.37. Evolv Technologies has a 52 week low of $2.01 and a 52 week high of $8.30. Evolv Technologies (NASDAQ:EVLV - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.06. Evolv Technologies had a negative return on equity of 45.57% and a negative net margin of 106.93%. The company had revenue of $21.67 million for the quarter, compared to the consensus estimate of $23.17 million. During the same quarter in the previous year, the business earned ($0.15) EPS. Research analysts expect that Evolv Technologies will post -0.48 earnings per share for the current fiscal year. Insider ActivityMarketBeat Week in Review – 11/13 - 11/17In related news, Director David Mounts Gonzales purchased 50,000 shares of Evolv Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $3.86 per share, with a total value of $193,000.00. Following the completion of the transaction, the director now directly owns 50,000 shares of the company's stock, valued at approximately $193,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.20% of the company's stock. Institutional Trading of Evolv TechnologiesA number of hedge funds have recently bought and sold shares of EVLV. MCF Advisors LLC lifted its position in Evolv Technologies by 84.5% in the 1st quarter. MCF Advisors LLC now owns 6,549 shares of the company's stock worth $29,000 after buying an additional 3,000 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Evolv Technologies during the 1st quarter valued at $45,000. Victory Capital Management Inc. acquired a new position in Evolv Technologies during the third quarter worth $49,000. Worth Financial Advisory Group LLC acquired a new position in Evolv Technologies during the fourth quarter worth $50,000. Finally, Worth Venture Partners LLC acquired a new stake in shares of Evolv Technologies in the fourth quarter worth about $53,000. 66.65% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings ChangesIs it time to buy EVOLV Technologies after post-earnings dip?EVLV has been the topic of several recent research reports. TD Cowen reduced their target price on shares of Evolv Technologies from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, May 10th. Cantor Fitzgerald reiterated an "overweight" rating and set a $8.00 target price on shares of Evolv Technologies in a report on Thursday, March 28th. Finally, Lake Street Capital cut Evolv Technologies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $6.00 to $3.50 in a report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $6.50.Check Out Our Latest Analysis on Evolv TechnologiesAbout Evolv Technologies (Get Free Report)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.Read MoreFive stocks we like better than Evolv TechnologiesRide Out The Recession With These Dividend Kings Jack in the Box Bottoms and the Rebound is on3 Grocery Stocks That Are Proving They Are Still Essential On Shares Move Higher in Race to a New All-Time HighAre These Liquid Natural Gas Stocks Ready For An Upside Bounce?What Wall Street Doesn’t Want You to Know About Alibaba StockThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ With revenue forecasted to grow dramatically in 2024 and beyond, this company should be on your radar (From Stocks News) (Ad)Should you invest $1,000 in Evolv Technologies right now?Before you consider Evolv Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Evolv Technologies wasn't on the list.While Evolv Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.