Rezolve AI PLC (NASDAQ:RZLV) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Analyst sentiment is moderately bullish: Six of seven analysts rate Rezolve AI a buy, while one rates it a sell. The average 12-month price target is $10.42, versus shares opening at $2.17.
• Institutional ownership has increased: Several hedge funds expanded their positions or initiated new stakes, and institutional investors collectively own 27.96% of the company.
• Recent financial results fell short of expectations: Rezolve AI reported a quarterly loss of $0.35 per share versus the expected $0.15 loss, while revenue of $65.39 million was well below the $127 million consensus estimate.

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.42.

Several equities analysts have commented on RZLV shares. Wall Street Zen downgraded Rezolve AI from a "hold" rating to a "sell" rating in a research report on Saturday, August 22nd. Weiss Ratings upgraded Rezolve AI from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 31st. Finally, Roth Capital reaffirmed a "buy" rating and issued a $6.50 price objective on shares of Rezolve AI in a research note on Wednesday, September 2nd.

Hedge Funds Weigh In On Rezolve AI

A number of hedge funds have recently modified their holdings of RZLV. Engineers Gate Manager LP increased its holdings in Rezolve AI by 63.6% in the second quarter. Engineers Gate Manager LP now owns 335,690 shares of the company's stock valued at $1,057,000 after purchasing an additional 130,552 shares during the period. NewEdge Advisors LLC grew its position in shares of Rezolve AI by 21.1% in the 2nd quarter. NewEdge Advisors LLC now owns 28,614 shares of the company's stock valued at $90,000 after buying an additional 4,981 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Rezolve AI in the 2nd quarter valued at about $1,168,000. Bank of America Corp DE increased its stake in shares of Rezolve AI by 48.1% in the first quarter. Bank of America Corp DE now owns 210,818 shares of the company's stock valued at $540,000 after buying an additional 68,441 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Rezolve AI in the first quarter valued at about $2,631,000. Institutional investors and hedge funds own 27.96% of the company's stock.

Rezolve AI Stock Up 2.4%

Shares of NASDAQ:RZLV opened at $2.17 on Thursday. Rezolve AI has a 52-week low of $2.05 and a 52-week high of $7.58. The company has a current ratio of 0.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average of $2.44 and a 200-day moving average of $2.56.

Rezolve AI (NASDAQ:RZLV - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.20). The company had revenue of $65.39 million during the quarter, compared to the consensus estimate of $127.00 million. During the same quarter last year, the business posted ($0.25) earnings per share. Analysts forecast that Rezolve AI will post -0.52 EPS for the current year.

Rezolve AI Company Profile

Rezolve Ai plc NASDAQ: RZLV is a technology company that develops artificial intelligence tools for digital commerce. Its platform is designed to help retailers and consumer brands create more interactive shopping experiences across mobile devices, websites and other digital channels.

The company's products support conversational shopping, product discovery, visual search, personalized recommendations and streamlined checkout. Rezolve's AI capabilities are intended to help businesses connect customers with products, answer questions, guide purchasing decisions and complete transactions with fewer steps.

Rezolve was founded by entrepreneur Daniel Wagner, who serves as the company's chief executive officer.

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