Rezolve AI (NASDAQ:RZLV) Rating Lowered to "Sell" at Wall Street Zen

Key Points

• Rezolve AI has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a potential shift in investor sentiment towards the stock.
• Despite the downgrade, other analysts such as Roth Capital and Northland Securities have issued "buy" ratings with target prices of $12.50 and $7.00, respectively, showing mixed outlooks within the market.
• Institutional investors currently own 27.96% of Rezolve AI's stock, with Geode Capital Management significantly increasing its stake by over 1,100% recently.

Rezolve AI (NASDAQ:RZLV - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Other analysts also recently issued reports about the company. Roth Capital raised their target price on Rezolve AI from $9.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Northland Securities raised their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an "outperform" rating in a report on Thursday, October 2nd. HC Wainwright raised their price target on Rezolve AI from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Rezolve AI in a report on Wednesday. Finally, Alliance Global Partners assumed coverage on Rezolve AI in a report on Friday, August 1st. They issued a "buy" rating and a $8.50 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Rezolve AI presently has a consensus rating of "Moderate Buy" and an average price target of $9.00.

Rezolve AI Price Performance

NASDAQ:RZLV opened at $5.13 on Friday. The business has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $3.05. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $8.45.

Institutional Investors Weigh In On Rezolve AI

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Rezolve AI by 1,100.7% during the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock valued at $3,799,000 after buying an additional 1,132,569 shares during the period. Brown Wealth Management LLC bought a new stake in Rezolve AI during the second quarter valued at $615,000. Rhumbline Advisers bought a new stake in Rezolve AI during the second quarter valued at $398,000. Schechter Investment Advisors LLC bought a new stake in Rezolve AI during the first quarter valued at $107,000. Finally, Bank of America Corp DE bought a new stake in Rezolve AI during the second quarter valued at $159,000. Institutional investors own 27.96% of the company's stock.

About Rezolve AI

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.

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