Rezolve AI PLC (NASDAQ:RZLV) Receives $11.00 Consensus PT from Analysts

Shares of Rezolve AI PLC (NASDAQ:RZLV) have received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.00.

A number of research firms have recently commented on RZLV. iA Financial set a $14.00 target price on Rezolve AI in a research report on Wednesday, January 14th. Alliance Global Partners reiterated a “buy” rating on shares of Rezolve AI in a research report on Wednesday, January 14th. HC Wainwright reiterated a “buy” rating and set a $12.00 target price on shares of Rezolve AI in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Rezolve AI in a research report on Tuesday, April 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $8.00 target price on shares of Rezolve AI in a research report on Wednesday, January 14th.

Insider Activity

In related news, CEO Daniel Maurice Wagner purchased 812,956 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were purchased at an average price of $4.00 per share, with a total value of $3,251,824.00. Following the completion of the acquisition, the chief executive officer directly owned 47,785,117 shares in the company, valued at $191,140,468. This represents a 1.73% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 68.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Rezolve AI

Hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its holdings in shares of Rezolve AI by 72.3% during the fourth quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock worth $28,000 after buying an additional 4,633 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Rezolve AI by 305.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $29,000 after buying an additional 8,497 shares during the last quarter. Simplicity Wealth LLC purchased a new position in shares of Rezolve AI during the fourth quarter worth about $30,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Rezolve AI during the second quarter worth about $31,000. Finally, Legal & General Group Plc purchased a new position in shares of Rezolve AI during the second quarter worth about $31,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Stock Performance

RZLV opened at $2.40 on Monday. The business’s 50-day simple moving average is $2.64 and its 200-day simple moving average is $2.97. 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 one year low of $1.90 and a one year high of $8.45.

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.