Weiss Asset Management LP Purchases Shares of 2,000,000 Rezolve AI PLC $RZLV

Weiss Asset Management LP acquired a new stake in Rezolve AI PLC (NASDAQ:RZLV) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,000,000 shares of the company’s stock, valued at approximately $5,120,000. Weiss Asset Management LP owned approximately 0.59% of Rezolve AI as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Sei Investments Co. grew its position in shares of Rezolve AI by 28.2% during the first quarter. Sei Investments Co. now owns 17,781 shares of the company’s stock worth $46,000 after purchasing an additional 3,912 shares in the last quarter. Diversified Trust Co lifted its holdings in Rezolve AI by 26.0% in the 1st quarter. Diversified Trust Co now owns 19,148 shares of the company’s stock worth $49,000 after purchasing an additional 3,946 shares in the last quarter. California State Teachers Retirement System lifted its holdings in Rezolve AI by 72.3% in the 4th quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock worth $28,000 after purchasing an additional 4,633 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Rezolve AI by 11.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 50,617 shares of the company’s stock worth $130,000 after purchasing an additional 5,197 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Rezolve AI by 51.5% in the 1st quarter. Principal Financial Group Inc. now owns 16,044 shares of the company’s stock worth $41,000 after purchasing an additional 5,456 shares during the period. Institutional investors own 27.96% of the company’s stock.

Rezolve AI Stock Performance

Shares of RZLV stock opened at $2.24 on Monday. The company’s fifty day simple moving average is $2.59 and its two-hundred day simple moving average is $2.71. Rezolve AI PLC has a 52 week low of $2.05 and a 52 week high of $8.45. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a report on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Rezolve AI presently has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Rezolve AI 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.