Rezolve AI PLC (NASDAQ:RZLV) Given Average Rating of “Moderate Buy” by Analysts

Rezolve AI PLC (NASDAQ:RZLV) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $9.00.

Several analysts have recently issued reports on RZLV shares. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price objective on shares of Rezolve AI in a report on Tuesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research report on Wednesday, October 8th. Cantor Fitzgerald lifted their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Finally, Roth Capital increased 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, October 2nd.

Hedge Funds Weigh In On Rezolve AI

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. purchased a new stake in Rezolve AI during the 3rd quarter valued at $120,880,000. Geode Capital Management LLC increased its position 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 valued at $3,799,000 after acquiring an additional 1,132,569 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Rezolve AI by 13,595.5% in the third quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock valued at $5,252,000 after acquiring an additional 1,046,852 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Rezolve AI by 51.3% in the 3rd quarter. Vanguard Group Inc. now owns 972,586 shares of the company’s stock worth $4,843,000 after acquiring an additional 329,568 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Rezolve AI by 153.5% during the 3rd quarter. UBS Group AG now owns 512,611 shares of the company’s stock worth $2,553,000 after purchasing an additional 310,371 shares during the period. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Price Performance

Shares of Rezolve AI stock opened at $2.93 on Friday. The stock has a 50 day moving average of $4.25 and a 200 day moving average of $3.63. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $8.45.

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.