Rezolve AI (NASDAQ:RZLV) Now Covered by HC Wainwright

HC Wainwright began coverage on shares of Rezolve AI (NASDAQ:RZLV) in a research report released on Tuesday morning, MarketBeat reports. The firm issued a buy rating and a $4.00 price target on the stock.

Other research analysts have also issued reports about the stock. Maxim Group began coverage on shares of Rezolve AI in a research note on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective on the stock. D. Boral Capital reiterated a “buy” rating and set a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Northland Securities assumed coverage on Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective on the stock. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $6.00.

Rezolve AI Price Performance

NASDAQ:RZLV opened at $1.30 on Tuesday. The firm has a fifty day simple moving average of $2.16 and a 200 day simple moving average of $3.48. Rezolve AI has a 1-year low of $1.19 and a 1-year high of $12.29.

Hedge Funds Weigh In On Rezolve AI

A number of large investors have recently made changes to their positions in the company. Polar Asset Management Partners Inc. acquired a new position in Rezolve AI in the 4th quarter valued at $4,149,000. Jane Street Group LLC bought a new stake in shares of Rezolve AI in the fourth quarter valued at about $1,650,000. Blue Owl Capital Holdings LP acquired a new position in shares of Rezolve AI in the fourth quarter valued at about $670,000. K2 Principal Fund L.P. bought a new position in Rezolve AI during the third quarter worth about $881,000. Finally, Geode Capital Management LLC acquired a new stake in Rezolve AI in the 4th quarter worth about $393,000. Institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve Ai Ltd. 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.