Rezolve AI (NASDAQ:RZLV) Coverage Initiated by Analysts at Alliance Global Partners

Key Points

• Alliance Global Partners has initiated coverage of Rezolve AI (NASDAQ:RZLV) with a "buy" rating and a target price of $8.50, indicating a potential upside of 190.10% from its previous close.
• Seven analysts currently rate Rezolve AI as a "buy," with an average consensus target price of $6.36.
• Recent institutional activities include Wolverine Asset Management increasing its stake by 62.1%, reflecting growing interest among institutional investors in Rezolve AI.

Alliance Global Partners began coverage on shares of Rezolve AI (NASDAQ:RZLV - Free Report) in a research report report published on Friday morning, Marketbeat reports. The firm issued a buy rating and a $8.50 price target on the stock.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $4.00 price target on shares of Rezolve AI in a research report on Friday, June 13th. Seven equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $6.36.

Rezolve AI Price Performance

Shares of RZLV traded up $0.19 on Friday, hitting $3.12. The company's stock had a trading volume of 7,506,333 shares, compared to its average volume of 6,752,561. The firm's fifty day moving average price is $2.48 and its 200-day moving average price is $2.18. Rezolve AI has a fifty-two week low of $1.07 and a fifty-two week high of $12.29.

Institutional Investors Weigh In On Rezolve AI

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. bought a new stake in Rezolve AI in the 4th quarter valued at $4,149,000. Jane Street Group LLC bought a new stake in Rezolve AI in the 4th quarter valued at $1,650,000. Blue Owl Capital Holdings LP bought a new position in Rezolve AI during the 4th quarter worth $670,000. Geode Capital Management LLC bought a new position in Rezolve AI during the 4th quarter worth $393,000. Finally, NewEdge Advisors LLC bought a new position in Rezolve AI during the 4th quarter worth $386,000. Institutional investors own 27.96% of the company's stock.

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.