Rezolve AI (NASDAQ:RZLV) Coverage Initiated at HC Wainwright

Equities researchers at HC Wainwright initiated coverage on shares of Rezolve AI (NASDAQ:RZLV) in a research note issued to investors on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $4.00 price target on the stock. HC Wainwright’s price target points to a potential upside of 187.77% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. Northland Securities assumed coverage on shares of Rezolve AI in a research report on Wednesday, December 18th. They set an “outperform” rating and a $5.00 price objective for the company. Maxim Group began coverage on Rezolve AI in a report on Thursday, January 16th. They set a “buy” rating and a $10.00 price target for the company. Roth Capital upgraded Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Northland Capmk raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 17th. Finally, D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a report on Friday, December 20th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Rezolve AI has an average rating of “Buy” and an average target price of $6.00.

Rezolve AI Stock Up 6.9 %

Shares of NASDAQ:RZLV opened at $1.39 on Tuesday. Rezolve AI has a fifty-two week low of $1.19 and a fifty-two week high of $12.29. The firm’s 50 day moving average price is $2.12 and its 200 day moving average price is $3.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RZLV. Polar Asset Management Partners Inc. purchased a new stake in shares of Rezolve AI in the fourth quarter valued at about $4,149,000. Jane Street Group LLC purchased a new stake in Rezolve AI during the 4th quarter valued at approximately $1,650,000. Blue Owl Capital Holdings LP purchased a new stake in Rezolve AI during the 4th quarter valued at approximately $670,000. K2 Principal Fund L.P. acquired a new stake in Rezolve AI during the 3rd quarter worth approximately $881,000. Finally, Geode Capital Management LLC purchased a new position in shares of Rezolve AI in the 4th quarter valued at approximately $393,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

Rezolve AI Company Profile

Rezolve Ai Ltd. operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.