Weiss Ratings Reiterates Sell (E+) Rating for Rezolve AI (NASDAQ:RZLV)

Key Points

• Weiss Ratings maintains a "sell (E+)" rating for Rezolve AI (NASDAQ:RZLV), suggesting caution for investors.
• Recent reports from other analysts show mixed sentiments, with Cantor Fitzgerald and HC Wainwright raising price targets and issuing "overweight" and "buy" ratings respectively.
• Rezolve AI's stock has fluctuated between a one-year low of $1.07 and a high of $8.45, currently trading at $6.24.

Rezolve AI (NASDAQ:RZLV - Get Free Report)'s stock had its "sell (e+)" rating reissued by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Cantor Fitzgerald upped their price target on Rezolve AI from $5.00 to $7.00 and gave the company an "overweight" rating in a report on Thursday, October 2nd. HC Wainwright upped their price target on Rezolve AI from $9.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Wall Street Zen raised Rezolve AI from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. Maxim Group upped their price target on Rezolve AI from $10.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Finally, Northland Securities upped their price target on Rezolve AI from $5.00 to $7.00 and gave the company an "outperform" rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Rezolve AI presently has an average rating of "Moderate Buy" and an average target price of $9.00.

Rezolve AI Stock Down 0.3%

Shares of NASDAQ:RZLV opened at $6.24 on Wednesday. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $8.45. The stock's fifty day moving average price is $4.70 and its 200-day moving average price is $2.99.

Institutional Trading of Rezolve AI

A number of hedge funds and other institutional investors have recently bought and sold shares of RZLV. Geode Capital Management LLC increased its position in Rezolve AI by 1,100.7% in the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock worth $3,799,000 after buying an additional 1,132,569 shares in the last quarter. Brown Wealth Management LLC purchased a new stake in Rezolve AI in the second quarter worth about $615,000. Rhumbline Advisers purchased a new stake in Rezolve AI in the second quarter worth about $398,000. Schechter Investment Advisors LLC purchased a new stake in Rezolve AI in the first quarter worth about $107,000. Finally, Bank of America Corp DE purchased a new stake in Rezolve AI in the second quarter worth about $159,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

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.

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