Rezolve AI (NASDAQ:RZLV) Shares Gap Down - Time to Sell?

Key Points

• Rezolve AI shares opened at $4.36 after closing at $4.66, indicating a significant gap down prior to trading.
• Multiple analysts have issued >buy ratings and raised their price targets for Rezolve AI, with estimates reaching as high as $15.00 from Maxim Group.
• Hedge funds have increased investments in Rezolve AI, with Geode Capital Management raising its holdings by an impressive 1,100.7% in the second quarter.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.66, but opened at $4.36. Rezolve AI shares last traded at $4.29, with a volume of 5,077,411 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on RZLV shares. Maxim Group raised their price objective on Rezolve AI from $10.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Alliance Global Partners started coverage on Rezolve AI in a research report on Friday, August 1st. They issued a "buy" rating and a $8.50 price objective for the company. Roth Capital raised their price objective on 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 raised their price objective on Rezolve AI from $9.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Finally, Cantor Fitzgerald raised their price objective on Rezolve AI from $5.00 to $7.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. One 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $9.00.

Rezolve AI Stock Performance

The company has a fifty day moving average of $5.09 and a two-hundred day moving average of $3.24.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings 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 buying an additional 1,132,569 shares in the last quarter. Brown Wealth Management LLC acquired a new position in shares of Rezolve AI during the 2nd quarter worth $615,000. Rhumbline Advisers acquired a new position in shares of Rezolve AI during the 2nd quarter worth $398,000. Schechter Investment Advisors LLC acquired a new position in shares of Rezolve AI during the 1st quarter worth $107,000. Finally, Forefront Wealth Partners LLC acquired a new position in shares of Rezolve AI during the 3rd quarter worth $365,000. 27.96% of the stock is owned by institutional investors.

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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