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

Key Points

• Rezolve AI's share price saw a significant increase, opening at $6.30 after closing at $5.95, with a last traded price of $5.74 and over 7.8 million shares changing hands.
• Analyst ratings for Rezolve AI are optimistic, with multiple brokerages increasing their price targets to approximately $9.00, suggesting a strong buy sentiment among analysts.
• A notable portion, 27.96%, of Rezolve AI stock is owned by hedge funds and institutional investors, indicating a growing interest in the company.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $5.95, but opened at $6.30. Rezolve AI shares last traded at $5.74, with a volume of 7,875,091 shares trading hands.

Analyst Upgrades and Downgrades

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

Rezolve AI Price Performance

The firm has a 50-day moving average of $4.22 and a 200-day moving average of $2.78.

Institutional Investors Weigh In On Rezolve AI

Several hedge funds have recently added to or reduced their stakes in RZLV. Wolverine Asset Management LLC boosted its holdings in Rezolve AI by 62.1% in the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company's stock valued at $26,000 after purchasing an additional 8,219 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Rezolve AI during the 2nd quarter worth about $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Rezolve AI during the 1st quarter worth about $30,000. Hartford Financial Management Inc. purchased a new stake in shares of Rezolve AI during the 2nd quarter worth about $31,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rezolve AI during the 2nd quarter worth about $31,000. 27.96% of the stock is owned by hedge funds and other 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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