Analysts Set Rezolve AI PLC (NASDAQ:RZLV) PT at $11.00

Rezolve AI PLC (NASDAQ:RZLV) has been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $11.00.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a report on Tuesday, April 21st.

Rezolve AI Stock Performance

NASDAQ:RZLV opened at $2.41 on Tuesday. The stock’s fifty day moving average price is $2.60 and its two-hundred day moving average price is $2.73. Rezolve AI has a 1 year low of $2.05 and a 1 year high of $8.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

Rezolve AI (NASDAQ:RZLV) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The company had revenue of $20.24 million during the quarter, compared to analysts’ expectations of $13.70 million. On average, research analysts anticipate that Rezolve AI will post -0.11 earnings per share for the current year.

Insider Activity

In other news, CEO Daniel Maurice Wagner purchased 812,956 shares of the stock in a transaction dated Thursday, April 2nd. The shares were purchased at an average cost of $4.00 per share, with a total value of $3,251,824.00. Following the completion of the acquisition, the chief executive officer owned 47,785,117 shares in the company, valued at $191,140,468. This represents a 1.73% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 68.71% of the company’s stock.

Institutional Investors Weigh In On Rezolve AI

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. lifted its holdings in shares of Rezolve AI by 32.1% in the third quarter. Ameritas Investment Partners Inc. now owns 12,254 shares of the company’s stock worth $61,000 after buying an additional 2,975 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Rezolve AI by 28.2% in the first quarter. Sei Investments Co. now owns 17,781 shares of the company’s stock worth $46,000 after buying an additional 3,912 shares in the last quarter. Diversified Trust Co raised its position in shares of Rezolve AI by 26.0% in the first quarter. Diversified Trust Co now owns 19,148 shares of the company’s stock worth $49,000 after buying an additional 3,946 shares in the last quarter. California State Teachers Retirement System boosted its stake in Rezolve AI by 72.3% during the fourth quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock valued at $28,000 after buying an additional 4,633 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Rezolve AI by 10.0% during the first quarter. The Manufacturers Life Insurance Company now owns 55,694 shares of the company’s stock valued at $143,000 after buying an additional 5,077 shares during the period. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.