Rezolve AI’s (RZLV) “Buy” Rating Reiterated at HC Wainwright

Rezolve AI (NASDAQ:RZLV)‘s stock had its “buy” rating reiterated by analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They presently have a $4.00 target price on the stock. HC Wainwright’s target price points to a potential upside of 86.92% from the stock’s previous close.

Separately, Roth Mkm reaffirmed a “buy” rating and set a $4.00 price target on shares of Rezolve AI in a research note on Wednesday, March 19th. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $6.00.

Rezolve AI Price Performance

RZLV opened at $2.14 on Friday. The company’s 50 day simple moving average is $1.90 and its 200 day simple moving average is $2.27. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $12.29.

Hedge Funds Weigh In On Rezolve AI

Several hedge funds and other institutional investors have recently modified their holdings of RZLV. Geode Capital Management LLC acquired a new stake in Rezolve AI during the 4th quarter worth approximately $393,000. Polar Asset Management Partners Inc. acquired a new position in Rezolve AI during the fourth quarter valued at approximately $4,149,000. Blue Owl Capital Holdings LP purchased a new stake in Rezolve AI during the fourth quarter worth approximately $670,000. Jane Street Group LLC acquired a new stake in shares of Rezolve AI in the fourth quarter worth $1,650,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Rezolve AI in the 4th quarter valued at $38,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Rezolve AI Company Profile

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.