Rezolve AI PLC (NASDAQ:RZLV) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Rezolve AI has a “Moderate Buy” consensus rating from seven brokerages, with six buys and one sell; the average 12-month price target is $10.42.
• The company reported weaker-than-expected quarterly results, posting an adjusted loss of $0.35 per share versus the $0.15 consensus loss and revenue of $65.39 million versus $127 million expected.
• RZLV shares opened at $2.21, near their 52-week low of $2.05, while institutional ownership stands at 27.96%; several investment firms recently initiated or increased positions.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $10.4167.

RZLV has been the topic of several recent research reports. Roth Capital reaffirmed a "buy" rating and issued a $6.50 price target on shares of Rezolve AI in a research note on Wednesday. Weiss Ratings raised Rezolve AI from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, July 31st. Finally, Wall Street Zen cut shares of Rezolve AI from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd.

Rezolve AI Price Performance

Rezolve AI stock opened at $2.21 on Friday. The stock's 50 day simple moving average is $2.57 and its two-hundred day simple moving average is $2.59. The company has a quick ratio of 0.67, a current ratio of 0.49 and a debt-to-equity ratio of 0.11. Rezolve AI has a fifty-two week low of $2.05 and a fifty-two week high of $8.45.

Rezolve AI (NASDAQ:RZLV - Get Free Report) last announced its earnings results on Tuesday, September 1st. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.20). The firm had revenue of $65.39 million during the quarter, compared to analysts' expectations of $127.00 million. During the same period in the prior year, the company earned ($0.25) earnings per share. As a group, equities analysts forecast that Rezolve AI will post -0.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. purchased a new stake in Rezolve AI in the third quarter worth about $120,880,000. State Street Corp lifted its holdings in shares of Rezolve AI by 15.2% during the fourth quarter. State Street Corp now owns 2,534,611 shares of the company's stock valued at $6,514,000 after purchasing an additional 333,790 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rezolve AI by 21.0% during the fourth quarter. Geode Capital Management LLC now owns 2,386,363 shares of the company's stock valued at $6,133,000 after purchasing an additional 413,539 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Rezolve AI in the 1st quarter worth approximately $5,120,000. Finally, Jump Financial LLC bought a new stake in shares of Rezolve AI in the 4th quarter worth approximately $4,506,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.

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