HC Wainwright Reaffirms “Buy” Rating for Rezolve AI (NASDAQ:RZLV)

Rezolve AI (NASDAQ:RZLV)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $12.00 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 363.32% from the stock’s current price.

RZLV has been the topic of a number of other reports. iA Financial set a $14.00 target price on shares of Rezolve AI in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Thursday, January 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 target price on shares of Rezolve AI in a report on Wednesday, January 14th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Rezolve AI in a research note on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rezolve AI currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Rezolve AI Stock Performance

RZLV stock opened at $2.59 on Wednesday. Rezolve AI has a twelve month low of $1.07 and a twelve month high of $8.45. The business has a fifty day moving average of $3.01 and a 200-day moving average of $3.85.

Institutional Trading of Rezolve AI

A number of institutional investors have recently made changes to their positions in RZLV. Vanguard Personalized Indexing Management LLC bought a new position in Rezolve AI in the second quarter valued at $57,000. Hartford Financial Management Inc. bought a new stake in Rezolve AI during the 2nd quarter worth about $31,000. ProShare Advisors LLC acquired a new position in shares of Rezolve AI during the 2nd quarter worth about $57,000. Geode Capital Management LLC increased its position in shares of 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 acquiring an additional 1,132,569 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Rezolve AI during the second quarter worth about $62,000. Institutional investors 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.