Rezolve AI’s (RZLV) Buy Rating Reaffirmed at Roth Capital

Roth Capital reissued their buy rating on shares of Rezolve AI (NASDAQ:RZLV) in a research note released on Monday morning, Marketbeat reports. The firm currently has a $9.00 target price on the stock, up from their prior target price of $4.25.

A number of other research analysts have also weighed in on the company. Alliance Global Partners began coverage on Rezolve AI in a research report on Friday, August 1st. They set a “buy” rating and a $8.50 price objective for the company. HC Wainwright upped their price objective on Rezolve AI from $4.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $7.31.

Rezolve AI Price Performance

Shares of NASDAQ:RZLV opened at $7.72 on Monday. The company’s fifty day moving average price is $3.47 and its 200-day moving average price is $2.44. Rezolve AI has a one year low of $1.07 and a one year high of $10.76.

Hedge Funds Weigh In On Rezolve AI

A number of hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. purchased a new position in shares of Rezolve AI during the second quarter worth about $29,000. Hartford Financial Management Inc. purchased a new position in shares of Rezolve AI in the 2nd quarter valued at approximately $31,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Rezolve AI in the second quarter valued at approximately $31,000. Legal & General Group Plc purchased a new stake in shares of Rezolve AI during the second quarter worth approximately $31,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Rezolve AI during the second quarter worth $57,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

About Rezolve AI

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.