Rezolve AI PLC (NASDAQ:RZLV) Receives $7.31 Average Price Target from Analysts

Rezolve AI PLC (NASDAQ:RZLV) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $7.3125.

Several analysts have weighed in on RZLV shares. Alliance Global Partners started coverage on Rezolve AI in a report on Friday, August 1st. They issued a “buy” rating and a $8.50 target price on the stock. HC Wainwright upped their target price on Rezolve AI from $4.00 to $9.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Roth Capital reissued a “buy” rating and issued a $9.00 target price (up previously from $4.25) on shares of Rezolve AI in a report on Monday, September 15th.

Institutional Trading of Rezolve AI

Several institutional investors and hedge funds have recently made changes to their positions in RZLV. Two Sigma Investments LP purchased a new stake in shares of Rezolve AI in the fourth quarter valued at $110,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Rezolve AI in the fourth quarter valued at $4,149,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rezolve AI in the fourth quarter valued at $88,000. FNY Investment Advisers LLC purchased a new stake in shares of Rezolve AI in the first quarter valued at $30,000. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Rezolve AI in the first quarter valued at $40,000. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Rezolve AI Price Performance

Rezolve AI stock opened at $7.18 on Friday. Rezolve AI has a fifty-two week low of $1.07 and a fifty-two week high of $9.45. The stock’s fifty day moving average is $4.00 and its two-hundred day moving average is $2.66.

About Rezolve AI

Rezolve AI Plc 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.