Rezolve AI PLC (NASDAQ:RZLV) Receives $7.31 Average PT from Analysts

Key Points

• Rezolve AI PLC (NASDAQ:RZLV) has received a consensus rating of "Buy" from nine research firms, with the average target price set at $7.31.
• Recently, Roth Capital raised its target price for Rezolve AI to $9.00 while HC Wainwright also boosted its target from $4.00 to $9.00.
• Institutional investors own 27.96% of Rezolve AI's stock, with notable increases from several hedge funds in recent trading.

Shares of Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) have been given a consensus recommendation of "Buy" by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.3125.

A number of equities research analysts have issued reports on the company. Alliance Global Partners assumed coverage on Rezolve AI in a research report on Friday, August 1st. They set a "buy" rating and a $8.50 price target for the company. HC Wainwright boosted their price target on Rezolve AI from $4.00 to $9.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, Roth Capital reiterated a "buy" rating and issued a $9.00 price target (up previously from $4.25) on shares of Rezolve AI in a research note on Monday, September 15th.

Rezolve AI Stock Performance

Shares of NASDAQ RZLV traded up $0.73 during trading on Friday, reaching $7.11. The company had a trading volume of 14,383,646 shares, compared to its average volume of 8,720,589. Rezolve AI has a twelve month low of $1.07 and a twelve month high of $9.45. The stock has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $2.63.

Hedge Funds Weigh In On Rezolve AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RZLV. Wolverine Asset Management LLC lifted its position 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 acquiring an additional 8,219 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Rezolve AI in the second quarter valued at $29,000. FNY Investment Advisers LLC purchased a new stake in shares of Rezolve AI during the first quarter worth $30,000. Hartford Financial Management Inc. purchased a new stake in shares of Rezolve AI during the second quarter worth $31,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rezolve AI during the second quarter worth $31,000. 27.96% of the stock is owned by 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.