Polar Asset Management Partners Inc. Makes New Investment in Rezolve AI Limited (NASDAQ:RZLV)

Polar Asset Management Partners Inc. bought a new stake in shares of Rezolve AI Limited (NASDAQ:RZLV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 444,644 shares of the company's stock, valued at approximately $1,699,000. Polar Asset Management Partners Inc. owned approximately 0.26% of Rezolve AI as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC purchased a new position in Rezolve AI during the 4th quarter valued at about $393,000. Blue Owl Capital Holdings LP purchased a new position in shares of Rezolve AI during the fourth quarter worth about $670,000. Jane Street Group LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth about $1,650,000. SBI Securities Co. Ltd. purchased a new position in shares of Rezolve AI during the fourth quarter worth about $38,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth about $286,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

Analyst Upgrades and Downgrades

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

Rezolve AI Stock Up 6.0%

Shares of NASDAQ RZLV traded up $0.13 during midday trading on Thursday, hitting $2.23. 1,700,783 shares of the company's stock were exchanged, compared to its average volume of 5,177,487. The business's fifty day moving average price is $1.71 and its two-hundred day moving average price is $2.41. Rezolve AI Limited has a 12-month low of $1.07 and a 12-month high of $12.29.

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.