Rezolve AI (NASDAQ:RZLV - Get Free Report) is expected to be posting its resultson Monday, March 30th. Analysts expect Rezolve AI to post earnings of ($0.10) per share and revenue of $13.70 million for the quarter.
Rezolve AI Stock Up 7.2%
Rezolve AI stock traded up $0.18 during trading hours on Monday, hitting $2.71. 10,834,020 shares of the company traded hands, compared to its average volume of 22,659,969. Rezolve AI has a 1-year low of $1.07 and a 1-year high of $8.45. The firm's 50-day simple moving average is $2.83 and its two-hundred day simple moving average is $3.72.
Institutional Investors Weigh In On Rezolve AI
Several hedge funds have recently made changes to their positions in RZLV. Alyeska Investment Group L.P. acquired a new stake in Rezolve AI during the 3rd quarter valued at $120,880,000. Jump Financial LLC purchased a new position in shares of Rezolve AI during the fourth quarter valued at $4,506,000. Geode Capital Management LLC raised its position in Rezolve AI by 1,100.7% during the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock valued at $3,799,000 after buying an additional 1,132,569 shares during the period. BNP Paribas Financial Markets raised its position in Rezolve AI by 13,595.5% during the third quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company's stock valued at $5,252,000 after buying an additional 1,046,852 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Rezolve AI by 340.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,078,863 shares of the company's stock worth $2,773,000 after acquiring an additional 833,964 shares in the last quarter. Hedge funds and other institutional investors own 27.96% of the company's stock.
Wall Street Analysts Forecast Growth
RZLV has been the subject of several recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $8.00 price objective on shares of Rezolve AI in a report on Wednesday, January 14th. iA Financial set a $14.00 price target on Rezolve AI in a research note on Wednesday, January 14th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Rezolve AI in a research report on Thursday, January 22nd. Alliance Global Partners restated a "buy" rating on shares of Rezolve AI in a report on Wednesday, January 14th. Finally, HC Wainwright reaffirmed a "buy" rating and set a $12.00 target price on shares of Rezolve AI in a report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $11.00.
Read Our Latest Report on Rezolve AI
Rezolve AI Company Profile
(
Get Free Report)
Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.
The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.
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