Rezolve AI (NASDAQ:RZLV) Shares Down 4.6% - What's Next?

Key Points

• Rezolve AI's shares fell by 4.6% to close at $6.26 after trading as low as $6.12, with a significant increase in trading volume.
• Analysts are optimistic, with several upgrading their price targets; Roth Capital raised their target from $9.00 to $12.50, indicating strong buy sentiment across multiple reports.
• Geode Capital Management significantly increased its stake in Rezolve AI by 1,100.7%, demonstrating growing institutional interest in the company.

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) fell 4.6% on Tuesday . The stock traded as low as $6.12 and last traded at $6.26. 23,644,976 shares changed hands during mid-day trading, an increase of 131% from the average session volume of 10,219,240 shares. The stock had previously closed at $6.56.

Analysts Set New Price Targets

RZLV has been the topic of several recent analyst reports. Roth Capital lifted their price objective on shares of Rezolve AI from $9.00 to $12.50 and gave the company a "buy" rating in a research report on Thursday, October 2nd. HC Wainwright lifted their price target on shares of Rezolve AI from $9.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Wall Street Zen raised shares of Rezolve AI from a "sell" rating to a "hold" rating in a report on Friday. Cantor Fitzgerald lifted their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Finally, Maxim Group boosted their target price on Rezolve AI from $10.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $9.00.

Rezolve AI Stock Down 4.4%

The company's fifty day moving average price is $4.56 and its 200-day moving average price is $2.95.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RZLV. Geode Capital Management LLC lifted its stake in shares of Rezolve AI by 1,100.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock worth $3,799,000 after acquiring an additional 1,132,569 shares during the last quarter. Brown Wealth Management LLC bought a new stake in shares of Rezolve AI during the second quarter worth $615,000. Rhumbline Advisers purchased a new stake in shares of Rezolve AI during the second quarter valued at $398,000. Schechter Investment Advisors LLC bought a new position in shares of Rezolve AI in the first quarter worth about $107,000. Finally, Bank of America Corp DE bought a new position in shares of Rezolve AI in the second quarter worth about $159,000. Hedge funds and other 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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