Brokerages Set Rezolve AI PLC (NASDAQ:RZLV) PT at $11.00

Shares of Rezolve AI PLC (NASDAQ:RZLV) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.00.

A number of equities analysts have weighed in on the stock. HC Wainwright reissued a “buy” rating and issued a $12.00 price objective on shares of Rezolve AI in a research report on Wednesday, February 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Rezolve AI in a research note on Tuesday, April 21st.

Rezolve AI Stock Down 2.3%

NASDAQ:RZLV opened at $2.51 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a 50-day moving average of $2.64 and a two-hundred day moving average of $2.77. Rezolve AI has a 1-year low of $1.92 and a 1-year high of $8.45.

Rezolve AI (NASDAQ:RZLV) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $20.24 million during the quarter, compared to analysts’ expectations of $13.70 million. As a group, equities analysts anticipate that Rezolve AI will post -0.11 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Daniel Maurice Wagner bought 812,956 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were acquired at an average price of $4.00 per share, for a total transaction of $3,251,824.00. Following the purchase, the chief executive officer owned 47,785,117 shares in the company, valued at $191,140,468. This trade represents a 1.73% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 68.71% of the company’s stock.

Institutional Investors Weigh In On Rezolve AI

Institutional investors have recently modified their holdings of the stock. Themes Management Co LLC acquired a new stake in shares of Rezolve AI in the 4th quarter valued at about $681,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Rezolve AI by 3,738.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 190,126 shares of the company’s stock valued at $947,000 after purchasing an additional 185,173 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Rezolve AI by 120.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 97,491 shares of the company’s stock valued at $486,000 after purchasing an additional 53,242 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Rezolve AI by 32.1% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 12,254 shares of the company’s stock valued at $61,000 after purchasing an additional 2,975 shares in the last quarter. Finally, Xponance Inc. acquired a new stake in shares of Rezolve AI in the 3rd quarter valued at about $57,000. 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.