Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Time to Buy?

Rezolve AI PLC (NASDAQ:RZLV)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.70, but opened at $2.92. Rezolve AI shares last traded at $2.6950, with a volume of 6,379,851 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RZLV shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a report on Thursday, January 22nd. iA Financial set a $14.00 target price on shares of Rezolve AI in a research note on Wednesday, January 14th. Alliance Global Partners reissued a “buy” rating on shares of Rezolve AI in a research note on Wednesday, January 14th. HC Wainwright lifted their price target on shares of Rezolve AI from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $8.00 price target on shares of Rezolve AI in a research report on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Rezolve AI presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Rezolve AI Price Performance

The stock has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.86.

Hedge Funds Weigh In On Rezolve AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. purchased a new position in Rezolve AI in the third quarter valued at about $120,880,000. Geode Capital Management LLC boosted its stake in shares of Rezolve AI by 21.0% during the 4th quarter. Geode Capital Management LLC now owns 2,386,363 shares of the company’s stock valued at $6,133,000 after buying an additional 413,539 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Rezolve AI by 13,595.5% during the third quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock worth $5,252,000 after buying an additional 1,046,852 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Rezolve AI by 51.3% during the third quarter. Vanguard Group Inc. now owns 972,586 shares of the company’s stock worth $4,843,000 after buying an additional 329,568 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Rezolve AI by 153.5% in the third quarter. UBS Group AG now owns 512,611 shares of the company’s stock worth $2,553,000 after buying an additional 310,371 shares during the last quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.

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.