Rezolve AI PLC (NASDAQ:RZLV) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Shares of Rezolve AI PLC (NASDAQ:RZLV) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $10.12.

Several research firms recently weighed in on RZLV. Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, August 22nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rezolve AI in a research note on Wednesday, October 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Rezolve AI in a report on Thursday. Finally, Roth Capital reissued a “buy” rating and set a $6.50 price objective on shares of Rezolve AI in a report on Wednesday, September 2nd.

Hedge Funds Weigh In On Rezolve AI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RZLV. Weiss Asset Management LP purchased a new position in Rezolve AI during the 1st quarter valued at approximately $5,120,000. Janus Henderson Group PLC bought a new stake in Rezolve AI in the 1st quarter worth approximately $2,631,000. Bank of New York Mellon Corp raised its holdings in shares of Rezolve AI by 16.0% during the 1st quarter. Bank of New York Mellon Corp now owns 456,380 shares of the company’s stock worth $1,168,000 after acquiring an additional 63,066 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Rezolve AI during the 2nd quarter worth approximately $1,168,000. Finally, Engineers Gate Manager LP raised its holdings in shares of Rezolve AI by 63.6% during the 2nd quarter. Engineers Gate Manager LP now owns 335,690 shares of the company’s stock worth $1,057,000 after acquiring an additional 130,552 shares in the last quarter. 27.96% of the stock is owned by institutional investors.

Rezolve AI Price Performance

Shares of RZLV opened at $1.46 on Monday. Rezolve AI has a 1 year low of $1.40 and a 1 year high of $4.97. The company has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $2.52.

Rezolve AI (NASDAQ:RZLV) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.20). The firm had revenue of $65.39 million for the quarter, compared to analysts’ expectations of $127.00 million. During the same quarter in the prior year, the firm posted ($0.25) EPS. On average, analysts forecast that Rezolve AI will post -0.52 EPS for the current year.

Rezolve AI Company Profile

Rezolve AI Limited is a technology company that develops artificial intelligence solutions for digital commerce and customer engagement. Its platform is designed to help retailers and brands create more personalized shopping experiences across digital channels, including websites, mobile applications and messaging environments.

The company’s products use AI to support functions such as product discovery, conversational shopping, recommendations, customer service and transaction assistance.