Rezolve AI (NASDAQ:RZLV) Stock Rating Upgraded by Wall Street Zen

Key Points

• Rezolve AI has received an upgrade from Wall Street Zen, moving from a "sell" rating to a "hold" rating.
• Multiple analysts have set higher price targets for the stock, with estimates ranging from $7.00 to $15.00, reflecting a generally positive outlook.
• Shares of Rezolve AI increased by 8.1%, closing at $6.79, with significant trading volume indicating increased investor interest.

Rezolve AI (NASDAQ:RZLV - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Friday.

Several other research analysts have also recently weighed in on the company. Northland Securities boosted their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an "outperform" rating in a report on Thursday. Alliance Global Partners began coverage on Rezolve AI in a report on Friday, August 1st. They set a "buy" rating and a $8.50 target price on the stock. Cantor Fitzgerald boosted their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an "overweight" rating in a report on Thursday. Maxim Group boosted their target price on Rezolve AI from $10.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Roth Capital upped their price objective on Rezolve AI from $9.00 to $12.50 and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued 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 Trading Up 8.1%

Shares of Rezolve AI stock traded up $0.51 on Friday, hitting $6.79. 54,998,266 shares of the company were exchanged, compared to its average volume of 30,602,564. The company has a 50-day moving average price of $4.48 and a 200 day moving average price of $2.90. Rezolve AI has a 1-year low of $1.07 and a 1-year high of $8.45.

Institutional Trading of Rezolve AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RZLV. Geode Capital Management LLC raised its position in Rezolve AI by 1,100.7% in the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock valued at $3,799,000 after purchasing an additional 1,132,569 shares during the period. Brown Wealth Management LLC purchased a new stake in Rezolve AI in the second quarter valued at approximately $615,000. Rhumbline Advisers purchased a new stake in Rezolve AI in the second quarter valued at approximately $398,000. Schechter Investment Advisors LLC purchased a new stake in Rezolve AI in the first quarter valued at approximately $107,000. Finally, Bank of America Corp DE purchased a new stake in Rezolve AI in the second quarter valued at approximately $159,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.