Rezolve AI (NASDAQ:RZLV) Receives “Buy” Rating from Roth Capital

Roth Capital restated their buy rating on shares of Rezolve AI (NASDAQ:RZLV) in a research note published on Monday morning, Marketbeat Ratings reports. Roth Capital currently has a $9.00 target price on the stock, up from their prior target price of $4.25.

Several other research analysts have also commented on the company. Alliance Global Partners began 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 increased their target price on Rezolve AI from $4.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $7.31.

Rezolve AI Stock Down 3.3%

NASDAQ RZLV opened at $7.11 on Monday. The firm’s 50-day moving average is $3.66 and its two-hundred day moving average is $2.51. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $10.76.

Institutional Investors Weigh In On Rezolve AI

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in shares of Rezolve AI by 1,100.7% in the 2nd 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. Polar Asset Management Partners Inc. acquired a new stake in Rezolve AI in the fourth quarter valued at approximately $4,149,000. Jane Street Group LLC acquired a new stake in Rezolve AI in the fourth quarter valued at approximately $1,650,000. Brown Wealth Management LLC purchased a new position in Rezolve AI in the second quarter worth approximately $615,000. Finally, Rhumbline Advisers acquired a new position in Rezolve AI during the 2nd quarter worth approximately $398,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Rezolve AI

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.