Wall Street Zen Downgrades Rezolve AI (NASDAQ:RZLV) to Sell

Rezolve AI (NASDAQ:RZLV) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also commented on RZLV. Alliance Global Partners started coverage on shares of Rezolve AI in a report on Friday, August 1st. They set a “buy” rating and a $8.50 price objective on the stock. HC Wainwright raised their target price on shares of Rezolve AI from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Northland Securities raised their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Maxim Group raised their target price on shares of Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Rezolve AI Price Performance

Shares of NASDAQ:RZLV opened at $5.13 on Friday. Rezolve AI has a 12 month low of $1.07 and a 12 month high of $8.45. The company’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $3.07.

Institutional Trading of Rezolve AI

Several hedge funds have recently bought and sold shares of RZLV. Wolverine Asset Management LLC raised its holdings in Rezolve AI by 62.1% during the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock worth $26,000 after buying an additional 8,219 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Rezolve AI during the 2nd quarter worth approximately $29,000. FNY Investment Advisers LLC acquired a new stake in Rezolve AI during the 1st quarter worth approximately $30,000. Hartford Financial Management Inc. acquired a new stake in Rezolve AI during the 2nd quarter worth approximately $31,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Rezolve AI during the 2nd quarter worth approximately $31,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

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.