Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Here’s What Happened

Shares of Rezolve AI PLC (NASDAQ:RZLV) gapped up before the market opened on Tuesday . The stock had previously closed at $2.70, but opened at $2.92. Rezolve AI shares last traded at $2.6950, with a volume of 6,379,851 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RZLV. HC Wainwright increased their price target on shares of Rezolve AI from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 target price on shares of Rezolve AI in a report on Wednesday, January 14th. iA Financial set a $14.00 target price on Rezolve AI in a research report on Wednesday, January 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a research report on Thursday, January 22nd. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Rezolve AI in a report on Wednesday, January 14th. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Rezolve AI Stock Up 0.6%

The business has a 50 day simple moving average of $3.01 and a 200-day simple moving average of $3.86.

Institutional Investors Weigh In On Rezolve AI

Several large investors have recently made changes to their positions in the company. Intech Investment Management LLC grew its holdings in Rezolve AI by 105.5% in the 4th quarter. Intech Investment Management LLC now owns 55,374 shares of the company’s stock worth $142,000 after buying an additional 28,434 shares in the last quarter. Geode Capital Management LLC boosted its position in Rezolve AI by 21.0% during the 4th quarter. Geode Capital Management LLC now owns 2,386,363 shares of the company’s stock worth $6,133,000 after acquiring an additional 413,539 shares during the period. Millington Financial Advisors LLC bought a new position in shares of Rezolve AI in the fourth quarter worth $39,000. Themes Management Co LLC bought a new position in shares of Rezolve AI in the fourth quarter worth $681,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Rezolve AI by 305.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,278 shares of the company’s stock valued at $29,000 after purchasing an additional 8,497 shares during the period. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.