Wall Street Zen Downgrades Rezolve AI (NASDAQ:RZLV) to Sell

Rezolve AI (NASDAQ:RZLV) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings raised shares of Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.42.

Rezolve AI Price Performance

Shares of RZLV opened at $2.46 on Friday. Rezolve AI has a twelve month low of $2.05 and a twelve month high of $8.45. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $2.58 and its 200-day moving average price is $2.58.

Institutional Investors Weigh In On Rezolve AI

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in Rezolve AI by 687.8% in the 1st quarter. NewEdge Advisors LLC now owns 23,633 shares of the company’s stock worth $60,000 after acquiring an additional 20,633 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Rezolve AI by 48.1% in the 1st quarter. Bank of America Corp DE now owns 210,818 shares of the company’s stock valued at $540,000 after acquiring an additional 68,441 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Rezolve AI in the 1st quarter valued at about $2,631,000. Royal Bank of Canada boosted its position in shares of Rezolve AI by 90.5% during the 1st quarter. Royal Bank of Canada now owns 13,778 shares of the company’s stock valued at $37,000 after acquiring an additional 6,546 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Rezolve AI by 10.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 55,694 shares of the company’s stock valued at $143,000 after acquiring an additional 5,077 shares during the last quarter. Institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.