Jane Street Group LLC Takes $1.65 Million Position in Rezolve AI Limited (NASDAQ:RZLV)

Jane Street Group LLC purchased a new position in Rezolve AI Limited (NASDAQ:RZLV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 431,829 shares of the company's stock, valued at approximately $1,650,000. Jane Street Group LLC owned about 0.25% of Rezolve AI as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Rezolve AI in the fourth quarter worth $38,000. Wolverine Asset Management LLC bought a new position in shares of Rezolve AI during the fourth quarter valued at about $51,000. RPO LLC bought a new position in shares of Rezolve AI during the fourth quarter valued at about $108,000. Boothbay Fund Management LLC bought a new position in shares of Rezolve AI during the fourth quarter valued at about $154,000. Finally, Periscope Capital Inc. bought a new position in shares of Rezolve AI during the fourth quarter valued at about $268,000. 27.96% of the stock is owned by institutional investors.

Rezolve AI Trading Down 3.7%

Shares of RZLV traded down $0.08 on Friday, reaching $2.11. The stock had a trading volume of 2,994,393 shares, compared to its average volume of 5,174,260. Rezolve AI Limited has a 12-month low of $1.07 and a 12-month high of $12.29. The company has a 50-day simple moving average of $1.72 and a 200-day simple moving average of $2.37.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RZLV shares. Roth Mkm reaffirmed a "buy" rating and set a $4.00 price objective on shares of Rezolve AI in a research note on Wednesday, March 19th. HC Wainwright reaffirmed a "buy" rating and set a $4.00 price objective on shares of Rezolve AI in a research note on Tuesday, April 29th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $6.00.

Rezolve AI Company Profile

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.