Weiss Ratings Reiterates Sell (E+) Rating for Rezolve AI (NASDAQ:RZLV)

Rezolve AI (NASDAQ:RZLV)‘s stock had its “sell (e+)” rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

RZLV has been the subject of several other research reports. Maxim Group increased their target price on Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Alliance Global Partners started coverage on Rezolve AI in a research report on Friday, August 1st. They set a “buy” rating and a $8.50 target price for the company. Wall Street Zen upgraded Rezolve AI from a “sell” rating to a “hold” rating in a research report on Friday, October 3rd. Cantor Fitzgerald raised their price target on Rezolve AI from $5.00 to $7.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Northland Securities raised their price target on Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Rezolve AI Trading Down 0.3%

NASDAQ:RZLV opened at $6.24 on Wednesday. Rezolve AI has a 12-month low of $1.07 and a 12-month high of $8.45. The stock has a 50-day moving average price of $4.70 and a 200 day moving average price of $2.99.

Hedge Funds Weigh In On Rezolve AI

Large investors have recently bought and sold shares of the business. Wolverine Asset Management LLC boosted its holdings in Rezolve AI by 62.1% during the 1st quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock valued at $26,000 after acquiring an additional 8,219 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Rezolve AI during the 2nd quarter valued at $29,000. FNY Investment Advisers LLC purchased a new position in Rezolve AI during the 1st quarter valued at $30,000. Hartford Financial Management Inc. bought a new stake in Rezolve AI during the 2nd quarter valued at $31,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Rezolve AI during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Rezolve AI Company Profile

Rezolve AI Plc 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.