Rezolve AI (NASDAQ:RZLV) Shares Gap Up - Here's What Happened

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $2.74, but opened at $2.94. Rezolve AI shares last traded at $3.02, with a volume of 3,807,266 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on RZLV shares. Roth Mkm reissued a "buy" rating and issued a $4.00 target price on shares of Rezolve AI in a report on Wednesday, March 19th. HC Wainwright reiterated a "buy" rating and set a $4.00 price objective on shares of Rezolve AI in a research report on Friday, June 13th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Rezolve AI has an average rating of "Buy" and a consensus target price of $6.00.

Rezolve AI Trading Up 11.8%

The company has a fifty day moving average of $2.13 and a two-hundred day moving average of $2.28.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC grew its stake in shares of Rezolve AI by 62.1% during the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock valued at $26,000 after buying an additional 8,219 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Rezolve AI in the 4th quarter valued at $38,000. B. Riley Wealth Advisors Inc. purchased a new stake in Rezolve AI in the fourth quarter worth $88,000. FNY Investment Advisers LLC purchased a new stake in Rezolve AI in the first quarter worth $30,000. Finally, RPO LLC bought a new stake in shares of Rezolve AI during the fourth quarter worth $108,000. 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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