Rezolve AI (NASDAQ:RZLV) Trading 9.5% Higher – Here’s What Happened

Rezolve AI PLC (NASDAQ:RZLV)’s share price was up 9.5% during trading on Tuesday . The company traded as high as $2.33 and last traded at $2.3650. Approximately 7,267,789 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 28,134,066 shares. The stock had previously closed at $2.16.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RZLV. HC Wainwright reissued a “buy” rating and set a $12.00 target price on shares of Rezolve AI in a research note on Wednesday, February 11th. Alliance Global Partners reissued a “buy” rating on shares of Rezolve AI in a research report on Wednesday, January 14th. 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. iA Financial set a $14.00 price objective on Rezolve AI in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Rezolve AI Stock Up 9.5%

The company has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $3.81.

Hedge Funds Weigh In On Rezolve AI

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Rezolve AI by 72.3% in the 4th quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock valued at $28,000 after buying an additional 4,633 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Rezolve AI in the 2nd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of Rezolve AI by 305.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $29,000 after buying an additional 8,497 shares in the last quarter. Simplicity Wealth LLC bought a new position in shares of Rezolve AI during the 4th quarter worth approximately $30,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Rezolve AI in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.