Rezolve AI PLC (NASDAQ:RZLV) Receives $7.31 Average PT from Analysts

Shares of Rezolve AI PLC (NASDAQ:RZLV) have been assigned a consensus rating of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $7.3125.

RZLV has been the subject of a number of recent analyst reports. HC Wainwright increased their target price on shares of Rezolve AI from $4.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Alliance Global Partners initiated coverage on shares of Rezolve AI in a research report on Friday, August 1st. They set a “buy” rating and a $8.50 target price for the company. Finally, Roth Capital restated a “buy” rating and issued a $9.00 price objective (up previously from $4.25) on shares of Rezolve AI in a research report on Monday, September 15th.

Rezolve AI Trading Down 10.8%

Shares of Rezolve AI stock opened at $5.95 on Friday. The company has a 50-day simple moving average of $4.22 and a 200 day simple moving average of $2.77. Rezolve AI has a 12-month low of $1.07 and a 12-month high of $9.45.

Institutional Investors Weigh In On Rezolve AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RZLV. Two Sigma Investments LP acquired a new stake in Rezolve AI in the 4th quarter valued at about $110,000. Polar Asset Management Partners Inc. acquired a new stake in Rezolve AI in the 4th quarter valued at about $4,149,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Rezolve AI in the 4th quarter valued at about $88,000. FNY Investment Advisers LLC bought a new position in shares of Rezolve AI in the 1st quarter valued at about $30,000. Finally, Summit Trail Advisors LLC bought a new position in shares of Rezolve AI in the 1st quarter valued at about $40,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.