Rezolve AI Sees Unusually Large Options Volume (NASDAQ:RZLV)

Rezolve AI PLC (NASDAQ:RZLV) was the recipient of unusually large options trading activity on Thursday. Investors purchased 46,027 call options on the company. This represents an increase of approximately 112% compared to the average volume of 21,695 call options.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RZLV. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a research note on Wednesday, October 8th. Wall Street Zen downgraded Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. Maxim Group lifted their price target on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Cantor Fitzgerald restated an “overweight” rating and issued a $8.00 target price on shares of Rezolve AI in a report on Wednesday, December 24th. Finally, Northland Securities increased their price target on shares of Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.29.

Rezolve AI Trading Up 14.3%

NASDAQ:RZLV traded up $0.47 during mid-day trading on Thursday, hitting $3.72. The company had a trading volume of 19,558,958 shares, compared to its average volume of 20,902,887. The business has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.76. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $8.45.

Institutional Trading of Rezolve AI

Hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new position in shares of Rezolve AI during the third quarter worth $120,880,000. Geode Capital Management LLC boosted its holdings in Rezolve AI by 1,100.7% in the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock valued at $3,799,000 after purchasing an additional 1,132,569 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Rezolve AI by 13,595.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock valued at $5,252,000 after purchasing an additional 1,046,852 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Rezolve AI by 51.3% in the 3rd quarter. Vanguard Group Inc. now owns 972,586 shares of the company’s stock valued at $4,843,000 after purchasing 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. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Rezolve AI

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.