Rezolve AI (NASDAQ:RZLV) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Key Points

• Rezolve AI reported a quarterly loss of $0.18 per share, missing the consensus estimate by $0.03. Revenue totaled $65.39 million, substantially below analysts’ $127 million expectation.
• The stock fell 2.7% following the results and opened at $2.89, within a 12-month range of $2.05 to $8.45.
• Analyst sentiment remains a “Moderate Buy,” with six Buy ratings and one Sell rating and an average price target of $11.42; institutional investors own 27.96% of the company.

Rezolve AI (NASDAQ:RZLV - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03), FiscalAI reports. The business had revenue of $65.39 million for the quarter, compared to analysts' expectations of $127.00 million.

Rezolve AI Stock Down 2.7%

NASDAQ:RZLV opened at $2.89 on Tuesday. The company has a 50-day moving average price of $2.59 and a 200-day moving average price of $2.59. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. Rezolve AI has a 12 month low of $2.05 and a 12 month high of $8.45.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RZLV shares. Wall Street Zen cut shares of Rezolve AI from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Rezolve AI from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, July 31st. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Rezolve AI presently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

Hedge Funds Weigh In On Rezolve AI

Several institutional investors and hedge funds have recently added to or reduced their stakes in RZLV. Alyeska Investment Group L.P. purchased a new stake in shares of Rezolve AI in the third quarter worth $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 in the last quarter. Geode Capital Management LLC grew its stake in shares of Rezolve AI by 21.0% in the fourth quarter. Geode Capital Management LLC now owns 2,386,363 shares of the company's stock worth $6,133,000 after acquiring an additional 413,539 shares during the period. Jump Financial LLC purchased a new stake in Rezolve AI during the 4th quarter valued at $4,506,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Rezolve AI by 340.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,078,863 shares of the company's stock valued at $2,773,000 after acquiring an additional 833,964 shares during the period. Hedge funds and other institutional investors own 27.96% of the company's stock.

About Rezolve AI

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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