Datavault AI (NASDAQ:DVLT) Cut to Hold at Maxim Group

Maxim Group lowered shares of Datavault AI (NASDAQ:DVLT) from a buy rating to a hold rating in a report issued on Wednesday morning, MarketBeat reports.

Several other equities analysts have also recently weighed in on DVLT. Weiss Ratings reissued a “sell (e+)” rating on shares of Datavault AI in a research note on Monday, October 19th. Zacks Research raised shares of Datavault AI to a “hold” rating in a research report on Monday, August 10th. Finally, Litchfield Hills Research assumed coverage on shares of Datavault AI in a research note on Wednesday, August 5th. They issued a “buy” rating and a $2.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.50.

Datavault AI Stock Down 10.2%

NASDAQ:DVLT opened at $0.07 on Wednesday. Datavault AI has a 52-week low of $0.06 and a 52-week high of $2.75. The stock’s 50-day simple moving average is $0.18 and its 200 day simple moving average is $0.46.

Institutional Investors Weigh In On Datavault AI

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Themes Management Co LLC acquired a new position in shares of Datavault AI during the 1st quarter valued at $1,223,000. SEB Asset Management AB acquired a new stake in Datavault AI in the first quarter worth $268,000. Cygnus Capital Advisors LLC increased its stake in Datavault AI by 493.3% in the second quarter. Cygnus Capital Advisors LLC now owns 304,345 shares of the company’s stock valued at $106,000 after purchasing an additional 253,052 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in 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 purchasing an additional 59,700 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in Datavault AI in the first quarter valued at $61,000. Institutional investors and hedge funds own 0.66% of the company’s stock.

About Datavault AI

Datavault AI, Inc is a technology company focused on data monetization, artificial intelligence and blockchain-based solutions. Its platform is designed to help organizations collect, organize, protect and convert data into usable digital assets while supporting data ownership, licensing and exchange.

The company’s offerings include tools for data tokenization, digital-twin creation, secure data management and AI-assisted analytics. Datavault AI also develops solutions intended for events, enterprises, institutions and other organizations seeking to create new value from proprietary information and digital content.

The company’s current public-company identity follows its transition from WiSA Technologies, Inc, which changed its name to Datavault AI and adopted the ticker symbol DVLT.