Datavault AI (NASDAQ:DVLT) Rating Lowered to “Hold” at Maxim Group

Datavault AI (NASDAQ:DVLT) was downgraded by Maxim Group from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Briefing.com reports.

DVLT has been the topic of a number of other reports. Zacks Research upgraded Datavault AI to a “hold” rating in a report on Monday, August 10th. Litchfield Hills Research began coverage on shares of Datavault AI in a report on Wednesday, August 5th. They issued a “buy” rating and a $2.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Datavault AI in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $2.50.

Datavault AI Stock Down 49.5%

DVLT stock opened at $0.07 on Wednesday. The company has a fifty day moving average price of $0.19 and a 200-day moving average price of $0.48. Datavault AI has a 52-week low of $0.06 and a 52-week high of $3.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DVLT. Themes Management Co LLC purchased a new position in shares of Datavault AI in the first quarter worth $1,223,000. SEB Asset Management AB acquired a new position in shares of Datavault AI in the first quarter worth about $268,000. Cygnus Capital Advisors LLC grew its holdings 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 during the period. Bank of New York Mellon Corp raised its position 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 worth $28,000 after acquiring an additional 19,578 shares during the period. Finally, State of Wyoming acquired a new position in shares of Datavault AI during the first quarter valued at approximately $43,000. 0.66% of the stock is currently owned by institutional investors.

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.