Brokerages Set Rezolve AI PLC (NASDAQ:RZLV) PT at $6.36

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.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) has been given a consensus recommendation of "Buy" by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $6.3571.

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

Hedge Funds Weigh In On Rezolve AI

A number of large investors have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in shares of Rezolve AI by 62.1% during the 1st 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Rezolve AI during the 1st quarter valued at about $30,000. Hartford Financial Management Inc. bought a new stake in Rezolve AI during the second quarter worth about $31,000. SBI Securities Co. Ltd. boosted its stake in Rezolve AI by 192.5% during the first quarter. SBI Securities Co. Ltd. now owns 28,883 shares of the company's stock worth $35,000 after acquiring an additional 19,010 shares in the last quarter. Finally, Summit Trail Advisors LLC bought a new stake in Rezolve AI during the first quarter worth about $40,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

Rezolve AI Stock Down 0.2%

Shares of RZLV traded down $0.01 during mid-day trading on Friday, reaching $3.09. 5,482,949 shares of the stock traded hands, compared to its average volume of 6,752,118. The firm has a fifty day moving average price of $2.50 and a 200 day moving average price of $2.18. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $12.29.

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.