Rezolve AI Limited (NASDAQ:RZLV) Receives Average Recommendation of “Buy” from Analysts

Rezolve AI Limited (NASDAQ:RZLV) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.40.

Several equities analysts have recently commented on RZLV shares. Northland Securities started coverage on Rezolve AI in a research report 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 report on Tuesday, December 17th. Roth Mkm started coverage on Rezolve AI in a research report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. D. Boral Capital restated a “buy” rating and issued a $8.00 price objective on shares of Rezolve AI in a research report on Friday, December 20th. Finally, Roth Capital raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 10th.

Rezolve AI Price Performance

NASDAQ:RZLV opened at $1.41 on Wednesday. The firm’s 50-day moving average is $2.70. Rezolve AI has a 52-week low of $1.27 and a 52-week high of $12.29.

Hedge Funds Weigh In On Rezolve AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. bought a new position in Rezolve AI during the fourth quarter valued at approximately $88,000. Polar Asset Management Partners Inc. bought a new stake in shares of Rezolve AI in the 4th quarter valued at approximately $4,149,000. Two Sigma Investments LP bought a new stake in shares of Rezolve AI in the 4th quarter valued at approximately $110,000. Jane Street Group LLC bought a new stake in shares of Rezolve AI in the 4th quarter valued at approximately $1,650,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Rezolve AI in the 4th quarter valued at approximately $154,000. 27.96% of the stock is owned by institutional investors.

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.