Rezolve AI PLC (NASDAQ:RZLV) Given Consensus Rating of "Buy" by Analysts

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) have been assigned an average rating of "Buy" from the eight research firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.00.

Several analysts have commented on RZLV shares. Roth Mkm restated a "buy" rating and issued a $4.00 price target on shares of Rezolve AI in a report on Wednesday, March 19th. HC Wainwright reiterated a "buy" rating and set a $4.00 target price on shares of Rezolve AI in a report on Friday, June 13th.

Rezolve AI Stock Performance

RZLV opened at $2.65 on Tuesday. The business has a 50-day moving average of $2.26 and a two-hundred day moving average of $2.28. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $12.29.

Hedge Funds Weigh In On Rezolve AI

A number of institutional investors have recently made changes to their positions in RZLV. Wolverine Asset Management LLC increased its position 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 period. FNY Investment Advisers LLC acquired a new stake in Rezolve AI in the first quarter worth $30,000. SBI Securities Co. Ltd. increased its position in Rezolve AI by 192.5% in the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after buying an additional 19,010 shares during the period. Summit Trail Advisors LLC bought a new position in shares of Rezolve AI in the first quarter worth $40,000. Finally, Virtu Financial LLC acquired a new position in shares of Rezolve AI during the first quarter valued at $44,000. 27.96% of the stock is owned by institutional investors and hedge funds.

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.