Rezolve AI PLC (NASDAQ:RZLV) Given Average Recommendation of “Moderate Buy” by Analysts

Rezolve AI PLC (NASDAQ:RZLV) has been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.4167.

A number of analysts have weighed in on the stock. Weiss Ratings upgraded shares of Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Wall Street Zen downgraded shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Finally, Roth Capital reiterated a “buy” rating and set a $6.50 price target on shares of Rezolve AI in a report on Wednesday.

Hedge Funds Weigh In On Rezolve AI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RZLV. Janus Henderson Group PLC purchased a new position in shares of Rezolve AI in the first quarter worth $2,631,000. Weiss Asset Management LP purchased a new stake in shares of Rezolve AI during the first quarter valued at $5,120,000. Themes Management Co LLC purchased a new stake in shares of Rezolve AI during the fourth quarter valued at $681,000. Bank of America Corp DE increased its holdings in Rezolve AI by 48.1% in the 1st quarter. Bank of America Corp DE now owns 210,818 shares of the company’s stock worth $540,000 after buying an additional 68,441 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Rezolve AI by 90.5% in the 1st quarter. Royal Bank of Canada now owns 13,778 shares of the company’s stock worth $37,000 after buying an additional 6,546 shares in the last quarter. 27.96% of the stock is owned by institutional investors.

Rezolve AI Price Performance

NASDAQ RZLV opened at $2.21 on Friday. Rezolve AI has a 12 month low of $2.05 and a 12 month high of $8.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.49 and a quick ratio of 0.67. The stock’s fifty day moving average price is $2.57 and its 200-day moving average price is $2.59.

Rezolve AI (NASDAQ:RZLV) last posted its quarterly earnings results on Tuesday, September 1st. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.20). The firm had revenue of $65.39 million during the quarter, compared to analysts’ expectations of $127.00 million. During the same period in the previous year, the company posted ($0.25) earnings per share. On average, sell-side analysts expect that Rezolve AI will post -0.28 earnings per share for the current year.

About Rezolve AI

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.