Rezolve AI (NASDAQ:RZLV) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Rezolve AI (NASDAQ:RZLV) from a sell rating to a hold rating in a report released 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 equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.42.

Rezolve AI Stock Performance

NASDAQ:RZLV opened at $2.73 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. Rezolve AI has a 12-month low of $2.05 and a 12-month high of $8.45. The stock has a 50-day moving average price of $2.56 and a 200 day moving average price of $2.62.

Institutional Investors Weigh In On Rezolve AI

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in Rezolve AI by 687.8% during the first quarter. NewEdge Advisors LLC now owns 23,633 shares of the company’s stock valued at $60,000 after buying an additional 20,633 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Rezolve AI by 48.1% during the 1st quarter. Bank of America Corp DE now owns 210,818 shares of the company’s stock worth $540,000 after acquiring an additional 68,441 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Rezolve AI during the 1st quarter valued at approximately $2,631,000. Royal Bank of Canada boosted its position in shares of Rezolve AI by 90.5% during the 1st quarter. Royal Bank of Canada now owns 13,778 shares of the company’s stock valued at $37,000 after acquiring an additional 6,546 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Rezolve AI by 10.0% in the first quarter. The Manufacturers Life Insurance Company now owns 55,694 shares of the company’s stock valued at $143,000 after purchasing an additional 5,077 shares in the last quarter. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Rezolve AI Company 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.