HC Wainwright Reiterates Buy Rating for Rezolve AI (NASDAQ:RZLV)

Rezolve AI (NASDAQ:RZLV)‘s stock had its “buy” rating reiterated by HC Wainwright in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They currently have a $12.00 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 435.71% from the company’s current price.

Several other research firms have also recently commented on RZLV. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a report on Thursday, January 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $8.00 target price on shares of Rezolve AI in a research note on Wednesday, January 14th. iA Financial set a $14.00 price target on Rezolve AI in a research note on Wednesday, January 14th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Rezolve AI in a report on Wednesday, January 14th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.00.

Rezolve AI Trading Down 6.7%

Shares of Rezolve AI stock opened at $2.24 on Wednesday. Rezolve AI has a 52-week low of $1.07 and a 52-week high of $8.45. The company has a 50 day moving average of $2.99 and a 200 day moving average of $3.83.

Institutional Trading of Rezolve AI

A number of institutional investors have recently modified their holdings of RZLV. Vanguard Personalized Indexing Management LLC boosted its holdings in Rezolve AI by 14.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 21,058 shares of the company’s stock valued at $105,000 after purchasing an additional 2,661 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Rezolve AI by 32.1% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 12,254 shares of the company’s stock worth $61,000 after buying an additional 2,975 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Rezolve AI by 11.8% in the third quarter. SBI Securities Co. Ltd. now owns 30,621 shares of the company’s stock worth $152,000 after acquiring an additional 3,242 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Rezolve AI by 58.4% in the 3rd quarter. Legal & General Group Plc now owns 16,036 shares of the company’s stock worth $80,000 after purchasing an additional 5,915 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Rezolve AI by 34.6% during the third quarter. ProShare Advisors LLC now owns 25,080 shares of the company’s stock valued at $125,000 after acquiring an additional 6,444 shares during the period. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.