Rezolve AI PLC (NASDAQ:RZLV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Rezolve AI PLC (NASDAQ:RZLV) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $11.00.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research report on Tuesday, April 21st.

Rezolve AI Stock Performance

Shares of RZLV opened at $2.60 on Tuesday. The company’s 50 day simple moving average is $2.59 and its 200 day simple moving average is $2.73. Rezolve AI has a 1 year low of $2.05 and a 1 year high of $8.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

Rezolve AI (NASDAQ:RZLV) last released its earnings results on Monday, March 30th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The company had revenue of $40.48 million during the quarter, compared to analysts’ expectations of $38.00 million. During the same quarter in the previous year, the business earned ($0.97) EPS. The company’s revenue for the quarter was up 4900% compared to the same quarter last year. As a group, research analysts forecast that Rezolve AI will post -0.11 earnings per share for the current year.

Insiders Place Their Bets

In other Rezolve AI news, CEO Daniel Maurice Wagner bought 812,956 shares of Rezolve AI stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average cost of $4.00 per share, for a total transaction of $3,251,824.00. Following the completion of the transaction, the chief executive officer owned 47,785,117 shares of the company’s stock, valued at $191,140,468. This represents a 1.73% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 68.71% of the company’s stock.

Hedge Funds Weigh In On Rezolve AI

Several large investors have recently added to or reduced their stakes in RZLV. Themes Management Co LLC purchased a new position in shares of Rezolve AI in the 4th quarter worth about $681,000. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $947,000 after purchasing an additional 185,173 shares during the period. Millington Financial Advisors LLC purchased a new position in shares of Rezolve AI in the 4th quarter worth about $39,000. Rakuten Group Inc. purchased a new position in shares of Rezolve AI in the 4th quarter worth about $164,000. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Rezolve AI by 271.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 113,733 shares of the company’s stock worth $292,000 after purchasing an additional 83,112 shares during the period. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

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.