Rezolve AI’s (RZLV) Buy Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Rezolve AI (NASDAQ:RZLV) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $10.00 price objective on the stock.

RZLV has been the topic of several other research reports. Cantor Fitzgerald lifted their target price on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Wall Street Zen downgraded Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Northland Securities upped their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Finally, Maxim Group lifted their price objective on shares of Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.00.

Rezolve AI Stock Performance

NASDAQ:RZLV opened at $2.93 on Tuesday. Rezolve AI has a fifty-two week low of $1.07 and a fifty-two week high of $8.45. The company has a fifty day moving average of $4.25 and a two-hundred day moving average of $3.63.

Hedge Funds Weigh In On Rezolve AI

Several large investors have recently bought and sold shares of RZLV. Wolverine Asset Management LLC boosted its holdings in shares of Rezolve AI by 62.1% in the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock valued at $26,000 after acquiring an additional 8,219 shares during the period. Virtu Financial LLC purchased a new position in Rezolve AI in the first quarter worth $44,000. Retireful LLC purchased a new stake in shares of Rezolve AI during the 2nd quarter worth $75,000. Vanguard Personalized Indexing Management LLC acquired a new position in Rezolve AI during the second quarter worth about $57,000. Finally, Hartford Financial Management Inc. acquired a new stake in shares of Rezolve AI in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.