Rezolve AI (NASDAQ:RZLV) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Rezolve AI (NASDAQ:RZLV) from a hold rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings upgraded Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Rezolve AI presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.42.

Rezolve AI Stock Down 1.2%

Shares of RZLV opened at $2.43 on Friday. Rezolve AI has a 12 month low of $2.05 and a 12 month high of $8.45. The firm’s 50 day moving average is $2.57 and its 200-day moving average is $2.58. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. acquired a new stake in shares of Rezolve AI in the 3rd quarter worth about $120,880,000. Weiss Asset Management LP bought a new position in Rezolve AI in the 1st quarter valued at about $5,120,000. Jump Financial LLC acquired a new position in Rezolve AI during the 4th quarter valued at about $4,506,000. Geode Capital Management LLC boosted its stake in Rezolve AI by 1,100.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock valued at $3,799,000 after purchasing an additional 1,132,569 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Rezolve AI by 13,595.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock worth $5,252,000 after purchasing an additional 1,046,852 shares in the last quarter. 27.96% of the stock is owned by institutional investors.

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.