Evolv Technologies (EVLV)

• Market cap: $597M
• 1 day: 8.91%
• 5 days: 1.07%
• 1 month: 44.66%
• 3 months: -15.21%
• 6 months: 75.46%
• Year to date: -20.71%
• 1 year: -19.02%
• 5 years: -63.56%
• 10 years: -63.56%
• Sector: Information Technology
• Industry: Computer Peripheral Equipment

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

107% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 15

63% more capital invested

Capital invested by funds: $214M [Q2] → $349M (+$135M) [Q3]

43% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 37

25% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]

10% more funds holding

Funds holding: 161 [Q2] → 177 (+16) [Q3]

0.99% more ownership

Funds ownership: 53.75% [Q2] → 54.74% (+0.99%) [Q3]

6% less call options, than puts

Call options by funds: $5.6M | Put options by funds: $5.94M

Research analyst outlook

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

• Low target: $2.75 27% downside
• Avg. target: $2.75 27% downside
• High target: $2.75 27% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Lake Street Eric Martinuzzi 55% 1-year accuracy 11 / 20 met price target

27% downside $2.75

Hold Maintained

28 Oct 2024