Rezolve AI (NASDAQ:RZLV) Trading Up 24.1% After Analyst Upgrade

Rezolve AI PLC (NASDAQ:RZLV)’s stock price was up 24.1% during mid-day trading on Thursday after Northland Securities raised their price target on the stock from $5.00 to $7.00. Northland Securities currently has an outperform rating on the stock. Rezolve AI traded as high as $6.48 and last traded at $6.28. Approximately 50,280,714 shares changed hands during mid-day trading, an increase of 412% from the average daily volume of 9,821,267 shares. The stock had previously closed at $5.06.

Several other research analysts have also recently issued reports on RZLV. Cantor Fitzgerald increased their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday. Roth Capital increased their price target on Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday. Alliance Global Partners initiated coverage on Rezolve AI in a research note on Friday, August 1st. They set a “buy” rating and a $8.50 target price for the company. HC Wainwright raised their target price on Rezolve AI from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Maxim Group raised their target price on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $9.00.

Institutional Investors Weigh In On Rezolve AI

Hedge funds have recently modified their holdings of the stock. Schechter Investment Advisors LLC purchased a new stake in shares of Rezolve AI during the first quarter valued at $107,000. Summit Trail Advisors LLC purchased a new stake in shares of Rezolve AI during the first quarter valued at $40,000. SBI Securities Co. Ltd. lifted its holdings in shares of Rezolve AI by 192.5% during the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company’s stock valued at $35,000 after purchasing an additional 19,010 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Rezolve AI in the 1st quarter worth about $30,000. Finally, Two Sigma Investments LP purchased a new stake in Rezolve AI in the 4th quarter worth about $110,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

Rezolve AI Price Performance

The firm has a 50 day moving average of $4.41 and a 200-day moving average of $2.86.

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.