Rezolve AI’s (RZLV) Sell (E+) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (e+) rating on shares of Rezolve AI (NASDAQ:RZLV) in a report published on Wednesday,Weiss Ratings reports.

RZLV has been the subject of a number of other research reports. Northland Securities lifted their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Alliance Global Partners initiated coverage on shares of Rezolve AI in a research report on Friday, August 1st. They issued a “buy” rating and a $8.50 target price for the company. Maxim Group lifted their price target on shares of Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. HC Wainwright lifted their price target on shares of Rezolve AI from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Cantor Fitzgerald lifted their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Rezolve AI currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Rezolve AI Stock Down 11.2%

NASDAQ:RZLV opened at $5.13 on Wednesday. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $8.45. The company has a 50 day simple moving average of $4.80 and a two-hundred day simple moving average of $3.05.

Institutional Trading of Rezolve AI

Several hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in 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 worth $3,799,000 after purchasing an additional 1,132,569 shares in the last quarter. Brown Wealth Management LLC bought a new stake in shares of Rezolve AI in the 2nd quarter worth about $615,000. Rhumbline Advisers bought a new stake in shares of Rezolve AI in the 2nd quarter worth about $398,000. Schechter Investment Advisors LLC bought a new stake in shares of Rezolve AI in the 1st quarter worth about $107,000. Finally, Bank of America Corp DE bought a new stake in shares of Rezolve AI in the 2nd quarter worth about $159,000. 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.