Rezolve AI (NASDAQ:RZLV) Shares Gap Down – What’s Next?

Shares of Rezolve AI PLC (NASDAQ:RZLV) gapped down prior to trading on Tuesday . The stock had previously closed at $4.61, but opened at $4.27. Rezolve AI shares last traded at $4.79, with a volume of 10,342,174 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Industrial Alliance Securities set a $14.00 target price on shares of Rezolve AI in a research note on Wednesday, January 14th. Northland Securities increased their target price on Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, October 2nd. Cantor Fitzgerald restated an “overweight” rating and set a $8.00 price target on shares of Rezolve AI in a report on Wednesday, January 14th. Roth Capital upped their price objective on Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, HC Wainwright boosted their target price on shares of Rezolve AI from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

Rezolve AI Stock Performance

The company’s 50 day moving average is $3.04 and its 200-day moving average is $3.84.

Hedge Funds Weigh In On Rezolve AI

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Rezolve AI by 120.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 97,491 shares of the company’s stock valued at $486,000 after purchasing an additional 53,242 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Rezolve AI in the third quarter valued at $78,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Rezolve AI by 3,738.6% in the third quarter. Caitong International Asset Management Co. Ltd now owns 190,126 shares of the company’s stock worth $947,000 after purchasing an additional 185,173 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Rezolve AI in the third quarter worth $1,781,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Rezolve AI during the third quarter valued at about $120,880,000. 27.96% of the stock is currently owned by institutional investors.

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.