Rezolve AI (NASDAQ:RZLV) Receives Buy Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Rezolve AI (NASDAQ:RZLV) in a research note issued to investors on Tuesday morning,Benzinga reports. HC Wainwright currently has a $10.00 price objective on the stock.

A number of other research analysts also recently issued reports on the company. Wall Street Zen downgraded Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Cantor Fitzgerald increased their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Maxim Group raised their target price on shares of Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Roth Capital lifted their price target on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Finally, Northland Securities increased their price objective on Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $9.00.

Rezolve AI Trading Down 7.0%

NASDAQ RZLV opened at $2.54 on Tuesday. The firm’s 50 day moving average price is $4.41 and its 200-day moving average price is $3.64. Rezolve AI has a 52-week low of $1.07 and a 52-week high of $8.45.

Institutional Trading of Rezolve AI

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. acquired a new position in shares of Rezolve AI in the third quarter valued at about $78,000. Caitong International Asset Management Co. Ltd boosted its position in Rezolve AI by 3,738.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 190,126 shares of the company’s stock valued at $947,000 after buying an additional 185,173 shares during the last quarter. XTX Topco Ltd purchased a new stake in Rezolve AI in the third quarter valued at approximately $1,781,000. Alyeska Investment Group L.P. acquired a new position in Rezolve AI in the 3rd quarter worth approximately $120,880,000. Finally, Verition Fund Management LLC raised its position in Rezolve AI by 106.5% during the 3rd quarter. Verition Fund Management LLC now owns 31,800 shares of the company’s stock worth $158,000 after buying an additional 16,400 shares during the last quarter. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.