3,487,605 Rezolve AI PLC $RZLV Shares Sold by State Street Corp

Key Points

• State Street sharply reduced its Rezolve AI stake by selling 3,487,605 shares, or 98.8% of its position, leaving it with 42,400 shares worth approximately $134,000.
• Rezolve AI reported weaker-than-expected quarterly results, with a loss of $0.35 per share versus a $0.15 consensus loss and revenue of $65.39 million versus estimates of $127 million.
• RZLV opened at $2.19, near its 52-week low of $2.05. Despite mixed analyst views, the stock carries a “Moderate Buy” consensus rating and an average target price of $10.42.

State Street Corp lessened its stake in shares of Rezolve AI PLC (NASDAQ:RZLV - Free Report) by 98.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,400 shares of the company's stock after selling 3,487,605 shares during the quarter. State Street Corp's holdings in Rezolve AI were worth $134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in RZLV. Sei Investments Co. increased its stake in shares of Rezolve AI by 28.2% in the first quarter. Sei Investments Co. now owns 17,781 shares of the company's stock worth $46,000 after buying an additional 3,912 shares during the period. Diversified Trust Co boosted its position in Rezolve AI by 26.0% during the 1st quarter. Diversified Trust Co now owns 19,148 shares of the company's stock valued at $49,000 after buying an additional 3,946 shares during the period. NewEdge Advisors LLC grew its holdings in Rezolve AI by 21.1% in the 2nd quarter. NewEdge Advisors LLC now owns 28,614 shares of the company's stock worth $90,000 after acquiring an additional 4,981 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Rezolve AI by 10.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 55,694 shares of the company's stock worth $143,000 after acquiring an additional 5,077 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Rezolve AI by 51.5% during the first quarter. Principal Financial Group Inc. now owns 16,044 shares of the company's stock valued at $41,000 after acquiring an additional 5,456 shares during the last quarter. Institutional investors own 27.96% of the company's stock.

Rezolve AI Price Performance

RZLV stock opened at $2.19 on Friday. Rezolve AI PLC has a 1 year low of $2.05 and a 1 year high of $7.58. The firm has a 50-day moving average of $2.46 and a 200 day moving average of $2.57. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.49 and a quick ratio of 0.67.

Rezolve AI (NASDAQ:RZLV - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.20). The firm had revenue of $65.39 million during the quarter, compared to the consensus estimate of $127.00 million. During the same period in the previous year, the firm posted ($0.25) EPS. As a group, equities research analysts anticipate that Rezolve AI PLC will post -0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RZLV. Roth Capital reiterated a "buy" rating and set a $6.50 target price on shares of Rezolve AI in a report on Wednesday, September 2nd. Wall Street Zen downgraded Rezolve AI from a "hold" rating to a "sell" rating in a report on Saturday, August 22nd. Finally, Weiss Ratings raised Rezolve AI from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Rezolve AI presently has an average rating of "Moderate Buy" and a consensus target price of $10.42.

About Rezolve AI

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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