Brokerages Set Rezolve AI PLC (NASDAQ:RZLV) PT at $7.31

Rezolve AI PLC (NASDAQ:RZLV) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.3125.

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

Institutional Investors Weigh In On Rezolve AI

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings 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 acquiring an additional 1,132,569 shares during the period. Polar Asset Management Partners Inc. acquired a new position in Rezolve AI during the fourth quarter worth $4,149,000. Brown Wealth Management LLC acquired a new position in Rezolve AI during the second quarter worth $615,000. Rhumbline Advisers acquired a new position in Rezolve AI during the second quarter worth $398,000. Finally, Schechter Investment Advisors LLC acquired a new position in Rezolve AI during the first quarter worth $107,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Trading Up 12.5%

Shares of NASDAQ RZLV opened at $7.18 on Friday. Rezolve AI has a twelve month low of $1.07 and a twelve month high of $9.45. The stock has a 50 day moving average of $4.00 and a two-hundred day moving average of $2.66.

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.