Shares of Datavault AI Inc. (NASDAQ:DVLT – Get Free Report) dropped 8% on Friday . The stock traded as low as $0.4102 and last traded at $0.4294. Approximately 45,512,271 shares traded hands during trading, a decline of 22% from the average daily volume of 58,137,570 shares. The stock had previously closed at $0.4668.
Analysts Set New Price Targets
DVLT has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Datavault AI in a report on Friday, April 24th. Wall Street Zen lowered Datavault AI from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Finally, Maxim Group reduced their target price on Datavault AI from $4.00 to $3.00 and set a “buy” rating on the stock in a report on Monday, March 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Datavault AI presently has an average rating of “Hold” and an average price target of $3.00.
Read Our Latest Research Report on DVLT
Datavault AI Price Performance
Datavault AI (NASDAQ:DVLT – Get Free Report) last released its quarterly earnings results on Wednesday, March 18th. The company reported $0.53 earnings per share (EPS) for the quarter. Datavault AI had a negative return on equity of 64.71% and a negative net margin of 292.68%.The firm had revenue of $33.82 million for the quarter.
Institutional Trading of Datavault AI
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Datavault AI by 78.3% in the 1st quarter. Bank of New York Mellon Corp now owns 44,580 shares of the company’s stock valued at $28,000 after purchasing an additional 19,578 shares during the period. Stonebridge Capital Advisors LLC raised its stake in shares of Datavault AI by 175.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 55,000 shares of the company’s stock valued at $36,000 after purchasing an additional 35,000 shares during the period. Prelude Capital Management LLC acquired a new stake in shares of Datavault AI in the 3rd quarter valued at about $43,000. OMERS ADMINISTRATION Corp increased its position in shares of Datavault AI by 93.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 123,900 shares of the company’s stock valued at $77,000 after acquiring an additional 59,700 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Datavault AI in the third quarter valued at about $71,000. Institutional investors and hedge funds own 0.66% of the company’s stock.
About Datavault AI
Datavault AI Inc, a data sciences technology company, owns and operates data management and supercomputer platforms. It offers data technology and software solutions. The company was formerly known as WiSA Technologies, Inc and changed its name to Datavault AI Inc in February 2025. Datavault AI Inc was incorporated in 2010 and is headquartered in Beaverton, Oregon.
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