Rezolve AI (NASDAQ:RZLV) Shares Down 2.2% - Here's Why

Key Points

• Rezolve AI's shares decreased by 2.2% during mid-day trading, closing at $6.67 after reaching a low of $6.33.
• Several analyst firms have given **buy** ratings, with Roth Capital and HC Wainwright setting price targets of **$9.00**, indicating optimistic growth expectations for the stock.
• **Institutional investors** now own 27.96% of Rezolve AI's stock, with recent investments including a stake from Schechter Investment Advisors valued at **$107,000**.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) fell 2.2% during mid-day trading on Thursday . The company traded as low as $6.33 and last traded at $6.67. 12,220,397 shares traded hands during trading, an increase of 39% from the average session volume of 8,809,178 shares. The stock had previously closed at $6.82.

Analyst Ratings Changes

A number of brokerages recently issued reports on RZLV. Roth Capital reissued a "buy" rating and set a $9.00 price target (up from $4.25) on shares of Rezolve AI in a research report on Monday, September 15th. Alliance Global Partners began coverage on shares of Rezolve AI in a report on Friday, August 1st. They issued a "buy" rating and a $8.50 target price for the company. Finally, HC Wainwright lifted their target price on shares of Rezolve AI from $4.00 to $9.00 and gave the stock a "buy" rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat, Rezolve AI presently has a consensus rating of "Buy" and an average price target of $7.31.

Rezolve AI Stock Down 2.2%

The business's 50 day moving average price is $4.08 and its 200 day moving average price is $2.69.

Institutional Trading of Rezolve AI

Large investors have recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC purchased a new stake in shares of Rezolve AI in the first quarter worth $107,000. Summit Trail Advisors LLC purchased a new stake in shares of Rezolve AI in the first quarter worth $40,000. SBI Securities Co. Ltd. increased its stake in shares of Rezolve AI by 192.5% in the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after purchasing an additional 19,010 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Rezolve AI in the first quarter worth $30,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Rezolve AI in the fourth quarter worth $110,000. 27.96% of the stock is currently owned by institutional investors.

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.

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