Rezolve AI (NASDAQ:RZLV) Raised to “Hold” at Wall Street Zen

Rezolve AI (NASDAQ:RZLV) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Friday.

Several other research firms also recently commented on RZLV. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Saturday, September 27th. Maxim Group raised their price target on shares of Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday. Northland Securities raised 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. Roth Capital raised their price target on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday. Finally, Cantor Fitzgerald increased their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Stock Up 8.1%

RZLV stock 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 firm’s 50-day moving average is $4.48 and its 200 day moving average is $2.91.

Institutional Trading of Rezolve AI

Several large investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC grew its position in Rezolve AI by 62.1% during the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock worth $26,000 after purchasing an additional 8,219 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Rezolve AI during the 2nd quarter worth approximately $29,000. Hartford Financial Management Inc. purchased a new stake in Rezolve AI during the 2nd quarter worth approximately $31,000. B. Riley Wealth Advisors Inc. purchased a new stake in Rezolve AI during the 2nd quarter worth approximately $31,000. Finally, Legal & General Group Plc purchased a new stake in Rezolve AI during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

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.