Rezolve AI (NASDAQ:RZLV) Announces Quarterly Earnings Results

Rezolve AI (NASDAQ:RZLV) issued its earnings results on Tuesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03), FiscalAI reports. The firm had revenue of $65.39 million during the quarter, compared to analysts’ expectations of $127.00 million.

Rezolve AI Trading Down 2.7%

NASDAQ:RZLV opened at $2.89 on Tuesday. The business’s fifty day moving average price is $2.59 and its 200 day moving average price is $2.59. Rezolve AI has a 12 month low of $2.05 and a 12 month high of $8.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

Institutional Investors Weigh In On Rezolve AI

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its position in Rezolve AI by 1,100.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock worth $3,799,000 after buying an additional 1,132,569 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Rezolve AI by 3,303.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 44,249 shares of the company’s stock valued at $136,000 after purchasing an additional 42,949 shares in the last quarter. Legal & General Group Plc purchased a new position in Rezolve AI in the second quarter valued at about $31,000. Rhumbline Advisers acquired a new stake in shares of Rezolve AI in the 2nd quarter worth approximately $398,000. Finally, New York State Common Retirement Fund purchased a new position in Rezolve AI in the 2nd quarter valued at approximately $104,000. 27.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RZLV. Weiss Ratings raised Rezolve AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. Wall Street Zen lowered Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Six analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Rezolve AI currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.42.

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.