Rezolve AI Sees Unusually High Options Volume (NASDAQ:RZLV)

Rezolve AI PLC (NASDAQ:RZLV) was the target of some unusual options trading on Friday. Traders purchased 22,797 call options on the company. This represents an increase of approximately 65% compared to the average daily volume of 13,810 call options.

Hedge Funds Weigh In On Rezolve AI

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

Rezolve AI Trading Up 8.1%

NASDAQ RZLV opened at $6.79 on Friday. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $8.45. The company’s fifty day moving average price is $4.48 and its two-hundred day moving average price is $2.90.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RZLV shares. Cantor Fitzgerald upped their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday. Maxim Group boosted their target price on shares of Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday. Roth Capital raised their price target on shares of Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a report on Thursday. Northland Securities lifted their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rezolve AI presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

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.