Rezolve AI Limited (NASDAQ:RZLV) Given Consensus Recommendation of “Buy” by Brokerages

Rezolve AI Limited (NASDAQ:RZLV) has been given an average recommendation of “Buy” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.40.

A number of equities research analysts have commented on the stock. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. D. Boral Capital reaffirmed a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Cantor Fitzgerald assumed coverage on Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock. Finally, Roth Mkm restated a “buy” rating and set a $4.00 target price on shares of Rezolve AI in a research note on Wednesday, March 19th.

Institutional Trading of Rezolve AI

Hedge funds and other institutional investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. purchased a new position in Rezolve AI during the 4th quarter worth approximately $4,149,000. Jane Street Group LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth approximately $1,650,000. Blue Owl Capital Holdings LP acquired a new position in shares of Rezolve AI in the 4th quarter valued at $670,000. K2 Principal Fund L.P. purchased a new stake in Rezolve AI in the 3rd quarter valued at $881,000. Finally, Geode Capital Management LLC acquired a new stake in Rezolve AI during the 4th quarter worth $393,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Stock Performance

RZLV stock opened at $1.31 on Friday. Rezolve AI has a fifty-two week low of $1.27 and a fifty-two week high of $12.29. The company’s 50 day moving average price is $2.22 and its 200 day moving average price is $3.57.

Rezolve AI Company Profile

Rezolve Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.