Rezolve AI (NASDAQ:RZLV) Stock Price Up 5% - What's Next?

Key Points

• Rezolve AI's stock price rose by 5% during Thursday's trading, reaching a high of $3.01 before closing at $2.95.
• HC Wainwright has reissued a "buy" rating for Rezolve AI, setting a target price of $4.00, with an average target price from analysts at $6.00.
• Institutional investors and hedge funds collectively own approximately 27.96% of Rezolve AI's shares, indicating growing interest in the company.

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) were up 5% during trading on Thursday . The company traded as high as $3.01 and last traded at $2.95. Approximately 5,665,248 shares changed hands during trading, a decline of 15% from the average daily volume of 6,703,357 shares. The stock had previously closed at $2.81.

Analysts Set New Price Targets

A number of analysts have commented on RZLV shares. HC Wainwright reaffirmed a "buy" rating and set a $4.00 price objective on shares of Rezolve AI in a research note on Friday, June 13th. Alliance Global Partners began coverage on Rezolve AI in a report on Friday. They issued a "buy" rating and a $8.50 target price on the stock. Seven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $6.36.

Rezolve AI Stock Down 3.2%

The business has a fifty day moving average price of $2.46 and a two-hundred day moving average price of $2.18.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently added to or reduced their stakes in the company. Hartford Financial Management Inc. acquired a new position in Rezolve AI in the second quarter worth approximately $31,000. Vanguard Personalized Indexing Management LLC acquired a new position in Rezolve AI in the second quarter worth approximately $57,000. Wolverine Asset Management LLC increased 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 worth $26,000 after buying an additional 8,219 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Rezolve AI in the fourth quarter worth approximately $88,000. Finally, Retireful LLC acquired a new position in Rezolve AI in the second quarter worth approximately $75,000. Institutional investors and hedge funds 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.