Datavault AI Inc. (NASDAQ:DVLT – Get Free Report) shot up 5.4% on Friday . The stock traded as high as $0.5472 and last traded at $0.5422. 47,473,099 shares were traded during trading, a decline of 20% from the average session volume of 59,471,840 shares. The stock had previously closed at $0.5143.
Analyst Upgrades and Downgrades
Several research firms have weighed in on DVLT. Weiss Ratings restated a “sell (e+)” rating on shares of Datavault AI in a report on Friday, April 24th. Wall Street Zen upgraded Datavault AI from a “strong sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Maxim Group cut 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.00.
Check Out Our Latest Stock Report on DVLT
Datavault AI Stock Up 5.4%
Datavault AI (NASDAQ:DVLT – Get Free Report) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.53 EPS for the quarter. The business had revenue of $33.82 million for the quarter. Datavault AI had a negative return on equity of 64.06% and a negative net margin of 202.09%.
Hedge Funds Weigh In On Datavault AI
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SEB Asset Management AB bought a new position in Datavault AI during the first quarter valued at about $268,000. Independent Financial Group LLC bought a new position in Datavault AI during the first quarter valued at about $61,000. Bank of New York Mellon Corp increased its stake in Datavault AI by 78.3% during the first quarter. Bank of New York Mellon Corp now owns 44,580 shares of the company’s stock valued at $28,000 after acquiring an additional 19,578 shares during the period. Vident Advisory LLC bought a new position in Datavault AI during the fourth quarter valued at about $255,000. Finally, XTX Topco Ltd bought a new position in Datavault AI during the fourth quarter valued at about $290,000. 0.66% of the stock is currently owned by institutional investors.
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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