Rezolve AI PLC (NASDAQ:RZLV) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Rezolve AI PLC has received a consensus rating of "Buy" from nine research firms, with a majority recommending the stock for investment.
• The average twelve-month price target for Rezolve AI among analysts is $6.36, reflecting optimism about the stock's potential growth.
• Institutional investors have shown interest in Rezolve AI, with notable purchases totaling approximately $4.1 million from Polar Asset Management Partners Inc. and others during the fourth quarter.

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) have been assigned a consensus recommendation of "Buy" from the nine research firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.36.

RZLV has been the subject of several recent analyst reports. HC Wainwright reissued a "buy" rating and set a $4.00 target price on shares of Rezolve AI in a research note on Friday, June 13th. Alliance Global Partners initiated coverage on Rezolve AI in a research note on Friday. They set a "buy" rating and a $8.50 target price for the company.

Rezolve AI Price Performance

RZLV stock remained flat at $2.93 during midday trading on Friday. The company's stock had a trading volume of 6,324,421 shares, compared to its average volume of 9,463,938. The company's fifty day simple moving average is $2.48 and its 200-day simple moving average is $2.19. Rezolve AI has a one year low of $1.07 and a one year high of $12.29.

Institutional Trading of Rezolve AI

Institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC lifted its holdings in Rezolve AI by 62.1% during the 1st 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. FNY Investment Advisers LLC purchased a new stake in Rezolve AI during the 1st quarter worth about $30,000. Hartford Financial Management Inc. purchased a new stake in Rezolve AI during the 2nd quarter worth about $31,000. SBI Securities Co. Ltd. lifted its holdings in Rezolve AI by 192.5% during the 1st 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 last quarter. Finally, Summit Trail Advisors LLC purchased a new stake in Rezolve AI during the 1st quarter worth about $40,000. 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.