Highbridge Capital Management LLC Invests $286,000 in Rezolve AI Limited (NASDAQ:RZLV)

Highbridge Capital Management LLC bought a new stake in Rezolve AI Limited (NASDAQ:RZLV) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 75,000 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in Rezolve AI in the 4th quarter valued at about $38,000. Wolverine Asset Management LLC bought a new stake in shares of Rezolve AI during the fourth quarter valued at approximately $51,000. Periscope Capital Inc. acquired a new stake in shares of Rezolve AI in the fourth quarter valued at approximately $268,000. WINTON GROUP Ltd bought a new position in Rezolve AI in the 4th quarter worth approximately $279,000. Finally, K2 Principal Fund L.P. acquired a new position in Rezolve AI during the 3rd quarter worth $881,000. 27.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research note on Tuesday, December 17th. Maxim Group initiated coverage on Rezolve AI in a report on Thursday, January 16th. They set a “buy” rating and a $10.00 price objective for the company. D. Boral Capital restated a “buy” rating and set a $8.00 target price on shares of Rezolve AI in a research report on Friday, December 20th. Cantor Fitzgerald began coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They set an “overweight” rating and a $5.00 price target for the company. Finally, Northland Securities started coverage on shares of Rezolve AI in a research note on Wednesday, December 18th. They issued an “outperform” rating and a $5.00 price objective on the stock. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $6.40.

Rezolve AI Price Performance

Rezolve AI stock opened at $1.43 on Friday. The company’s 50 day simple moving average is $2.25 and its 200 day simple moving average is $3.59. Rezolve AI Limited has a fifty-two week low of $1.27 and a fifty-two week high of $12.29.

Rezolve AI Company Profile

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.