Brokerages Set Rezolve AI PLC (NASDAQ:RZLV) Target Price at $10.42

Shares of Rezolve AI PLC (NASDAQ:RZLV) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.4167.

RZLV has been the subject of several recent research reports. Weiss Ratings upgraded Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Roth Capital reissued a “buy” rating and set a $6.50 target price on shares of Rezolve AI in a report on Wednesday, September 2nd. Finally, Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd.

Rezolve AI Price Performance

RZLV opened at $2.29 on Friday. Rezolve AI has a 12-month low of $2.05 and a 12-month high of $8.45. The business has a 50 day moving average of $2.51 and a 200-day moving average of $2.59. The company has a quick ratio of 0.67, a current ratio of 0.49 and a debt-to-equity ratio of 0.11.

Rezolve AI (NASDAQ:RZLV) last posted its earnings results on Tuesday, September 1st. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.20). The firm had revenue of $65.39 million for the quarter, compared to the consensus estimate of $127.00 million. During the same period in the previous year, the company posted ($0.25) EPS. As a group, research analysts predict that Rezolve AI will post -0.28 earnings per share for the current year.

Institutional Trading of Rezolve AI

Hedge funds and other institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. bought a new position in shares of Rezolve AI during the third quarter worth approximately $120,880,000. Weiss Asset Management LP bought a new stake in shares of Rezolve AI in the first quarter valued at approximately $5,120,000. Jump Financial LLC acquired a new stake in Rezolve AI during the fourth quarter worth approximately $4,506,000. Geode Capital Management LLC grew its position in Rezolve AI by 1,100.7% during the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock worth $3,799,000 after buying an additional 1,132,569 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Rezolve AI by 13,595.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock worth $5,252,000 after acquiring an additional 1,046,852 shares during the period. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Company Profile

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.