Rezolve AI PLC (NASDAQ:RZLV) Stock Has Average Target Price of $10.42 According to Analysts

Rezolve AI PLC (NASDAQ:RZLV) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $10.12.

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Roth Capital restated a “buy” rating and issued a $6.50 price objective on shares of Rezolve AI in a report on Wednesday, September 2nd. Finally, Weiss Ratings raised shares of Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 31st.

Institutional Trading of Rezolve AI

Several hedge funds have recently added to or reduced their stakes in RZLV. Janus Henderson Group PLC purchased a new stake in Rezolve AI during the first quarter valued at about $2,631,000. Weiss Asset Management LP purchased a new position in shares of Rezolve AI in the first quarter worth about $5,120,000. Squarepoint Ops LLC purchased a new position in shares of Rezolve AI in the second quarter worth about $1,168,000. Bank of America Corp DE lifted its stake in shares of Rezolve AI by 48.1% in the 1st quarter. Bank of America Corp DE now owns 210,818 shares of the company’s stock valued at $540,000 after acquiring an additional 68,441 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Rezolve AI by 90.5% in 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. 27.96% of the stock is owned by institutional investors.

Rezolve AI Stock Performance

NASDAQ RZLV opened at $2.06 on Thursday. The stock’s 50-day simple moving average is $2.44 and its two-hundred day simple moving average is $2.55. Rezolve AI has a twelve month low of $2.05 and a twelve month high of $7.58.

Rezolve AI (NASDAQ:RZLV) last posted its quarterly earnings data on Tuesday, September 1st. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.20). The firm had revenue of $65.39 million during the quarter, compared to analysts’ expectations of $127.00 million. During the same period in the prior year, the firm earned ($0.25) EPS. Research analysts predict that Rezolve AI will post -0.52 EPS for the current year.

About Rezolve AI

Rezolve AI Ltd. is an artificial intelligence technology company that provides software designed to help retailers and brands improve digital commerce. Its platform uses AI to support product discovery, personalized shopping experiences, customer engagement and transaction processing across online and mobile channels.

The company’s offerings include AI-powered shopping and commerce tools marketed under the Brain platform. These tools are intended to allow consumers to search for products using natural language, receive personalized recommendations, interact with digital shopping assistants and complete purchases through streamlined checkout experiences.