Datavault AI Inc. (NASDAQ:DVLT – Get Free Report)’s stock price fell 1.7% during mid-day trading on Tuesday . The stock traded as low as $0.3820 and last traded at $0.3864. 20,056,041 shares changed hands during trading, a decline of 64% from the average daily volume of 56,357,160 shares. The stock had previously closed at $0.3930.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on DVLT shares. Wall Street Zen downgraded shares of Datavault AI from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Maxim Group reduced their price objective on shares of Datavault AI from $4.00 to $3.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Datavault AI in a report on Friday, April 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3.00.
Check Out Our Latest Research Report on Datavault AI
Datavault AI Stock Performance
Datavault AI (NASDAQ:DVLT – Get Free Report) last issued 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 during the quarter.
Insiders Place Their Bets
In other Datavault AI news, insider Stanley Mbugua sold 62,982 shares of Datavault AI stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $0.41, for a total transaction of $25,822.62. Following the completion of the sale, the insider directly owned 2,052,846 shares in the company, valued at $841,666.86. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Datavault AI
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of Datavault AI by 78.3% during the 1st quarter. Bank of New York Mellon Corp now owns 44,580 shares of the company’s stock valued at $28,000 after buying an additional 19,578 shares in the last quarter. Stonebridge Capital Advisors LLC grew its position in Datavault AI by 175.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 55,000 shares of the company’s stock worth $36,000 after acquiring an additional 35,000 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in Datavault AI in the fourth quarter valued at $42,000. Prelude Capital Management LLC bought a new position in Datavault AI in the third quarter valued at $43,000. Finally, State of Wyoming purchased a new stake in Datavault AI during the first quarter valued at about $43,000. Hedge funds and other institutional investors 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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