Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Still a Buy?

Shares of Rezolve AI PLC (NASDAQ:RZLV) gapped up prior to trading on Wednesday . The stock had previously closed at $3.55, but opened at $3.83. Rezolve AI shares last traded at $3.5750, with a volume of 21,526,643 shares trading hands.

Analysts Set New Price Targets

RZLV has been the topic of a number of analyst reports. Roth Capital upped their price objective on Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $8.00 target price on shares of Rezolve AI in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research note on Wednesday, October 8th. HC Wainwright lifted their price objective on shares of Rezolve AI from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a report on Saturday, October 11th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Rezolve AI has a consensus rating of “Moderate Buy” and an average target price of $10.13.

Rezolve AI Stock Performance

The stock has a 50 day moving average price of $3.04 and a 200 day moving average price of $3.84.

Institutional Trading of Rezolve AI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new position in Rezolve AI during the 2nd quarter worth $29,000. Hartford Financial Management Inc. bought a new position in shares of Rezolve AI during the second quarter worth about $31,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Rezolve AI during the second quarter worth about $31,000. Legal & General Group Plc acquired a new position in shares of Rezolve AI in the second quarter worth approximately $31,000. Finally, AXQ Capital LP bought a new stake in Rezolve AI in the third quarter valued at approximately $54,000. 27.96% of the stock is currently owned by institutional investors and hedge funds.

Rezolve AI Company Profile

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.