Evolv Technologies
EVLV

$3.61

2.41%

Market Cap: $569M

About: Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. It offers products for purchase and primarily under a multi-year security-as-a-service subscription pricing model that delivers ongoing value to customers, generates predictable revenue, and creates expansion and upsell opportunities. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.

Employees: 293

Information Technology Computer Peripheral Equipment

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

65% more call options, than puts

Call options by funds: $2.84M | Put options by funds: $1.72M

47% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 36

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

1.16% less ownership

Funds ownership: 53.93% [Q1] → 52.77% (-1.16%) [Q2]

2% less funds holding

Funds holding: 164 [Q1] → 161 (-3) [Q2]

11% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 27

42% less capital invested

Capital invested by funds: $365M [Q1] → $210M (-$155M) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$5.50

52%

upside

Avg. target

$5.50

52%

upside

High target

$5.50

52%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Northland Capital Markets

Michael Latimore

35% 1-year accuracy

6 / 17 met price target

52%upside

$5.50

Outperform

Maintained

12 Aug 2024

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Financial journalist opinion

Based on 10 articles about EVLV published over the past 30 days

Zacks Investment Research

Best Momentum Stocks to Buy for September 3rd

IDR, EVLV and SBSI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 3, 2024.

Best Momentum Stocks to Buy for September 3rd

Zacks Investment Research

New Strong Buy Stocks for September 3rd

MPW, DEC, IDR, EVLV and SBSI have been added to the Zacks Rank #1 (Strong Buy) List on September 3, 2024.

New Strong Buy Stocks for September 3rd

Evolv: FTC/SEC Investigation Could Provide An Attractive Entry Point

Considering SaaS EV/Sales multiples for scaling technology business, Evolv upside could be more than 150% in 3 years. Although any downgrade or slowdown by management would derail the upside. The FTC / SEC investigation could lead to fines but ultimately bare little impact on the long-term fundamentals of the business. Conclusions to the probes could be violent catalysts. Evolv's Express system continues to grow rapidly with 5,000+ units sold and 83 new customers in Q2.

Evolv: FTC/SEC Investigation Could Provide An Attractive Entry Point

Evolv Technologies: Solid Progress Should Allay Concerns

Evolv has reinvented the metal detector with AI, scanning non-metallic weapons and reducing false alarms. The company serves various verticals, with 70% of sales through channel partners like Motorola, driving growth and customer acquisition. Shift to distribution model boosts recurring revenue, gross margins, and outlook, with positive EBITDA expected in Q2/25.

Evolv Technologies: Solid Progress Should Allay Concerns

The Motley Fool

Could Evolv Technologies Become the Next SoundHound AI?

Evolv aims to replace metal detectors with AI-powered screening systems. But it missed the ambitious growth targets it set before its public debut.

Could Evolv Technologies Become the Next SoundHound AI?

Evolv Technology Helps to Protect European Events This Summer

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening designed to create safer experiences, was honored to serve as a security screening provider for one of the world's largest global sporting competitions that took place in Europe this summer alongside a multitude of other significant events. Evolv Express® systems were used as a layer of security to screen over five million people, including 10,000 competing athle.

Evolv Technology Helps to Protect European Events This Summer

Evolv Technology Weapons Detection Patent Underscores Culture of Innovation

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening to create safer experiences, was awarded a patent issued by the United States Patent and Trademark Office (USPTO) that covers the differentiating technology used in its flagship product, Evolv Express®. Integrated as a concealed weapons detection layer in a venue's overall safety plan, the Evolv Express weapons detection system, is deployed in over a thousand sta.

Evolv Technology Weapons Detection Patent Underscores Culture of Innovation

Evolv Technologies Holdings, Inc. (EVLV) Q2 2024 Earnings Call Transcript

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Brian Norris - SVP, Finance Peter George - President and CEO Mark Donohue - CFO Conference Call Participants Aditya Dagaonkar - Northland Capital Brett Knoblauch - Cantor Fitzgerald Jeremy Hamblin - Craig-Hallum Hugh Cunningham - TD Cowen Eric Martinuzzi - Lake Street Brian Norris [abrupt start] joined here today by Peter George, our President and Chief Executive Officer; and Mark Donohue, our Chief Financial Officer. This afternoon, after the market closed, we issued a press release announcing our second quarter 2024 results and as well as our business outlook for the remainder of the year.

Evolv Technologies Holdings, Inc. (EVLV) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Evolv Technologies Holdings, Inc. (EVLV) Q2 Earnings and Revenues Surpass Estimates

Evolv Technologies Holdings, Inc. (EVLV) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.10 per share a year ago.

Evolv Technologies Holdings, Inc. (EVLV) Q2 Earnings and Revenues Surpass Estimates

Evolv Technology Reports Second Quarter Financial Results

WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (NASDAQ: EVLV), a leading security technology company pioneering AI-based screening designed to help create safer experiences, today announced financial results for the quarter ended June 30, 2024. Results for the Second Quarter of 2024 Total revenue for the second quarter of 2024 was $25.5 million, an increase of 29% compared to $19.8 million for the second quarter of 2023. Annual Recurring Revenue (“ARR”)1 was $88.9 million at the end of secon.

Evolv Technology Reports Second Quarter Financial Results

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