Rezolve AI PLC (NASDAQ:RZLV) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Rezolve AI PLC (NASDAQ:RZLV) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $11.00.

A number of analysts recently issued reports on the company. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 target price on shares of Rezolve AI in a research report on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research report on Tuesday, April 21st.

Rezolve AI Trading Up 9.0%

NASDAQ:RZLV opened at $2.78 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $2.63 and its 200 day simple moving average is $2.78. Rezolve AI has a 52-week low of $1.90 and a 52-week high of $8.45.

Rezolve AI (NASDAQ:RZLV) last released its earnings results on Tuesday, March 31st. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $20.24 million during the quarter, compared to analyst estimates of $13.70 million. On average, analysts forecast that Rezolve AI will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rezolve AI news, CEO Daniel Maurice Wagner purchased 812,956 shares of the stock in a transaction on Thursday, April 2nd. The shares were purchased at an average price of $4.00 per share, with a total value of $3,251,824.00. Following the completion of the transaction, the chief executive officer directly owned 47,785,117 shares in the company, valued at $191,140,468. This represents a 1.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 68.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rezolve AI

A number of institutional investors have recently bought and sold shares of the business. Alyeska Investment Group L.P. acquired a new position in Rezolve AI during the third quarter worth approximately $120,880,000. State Street Corp increased its position in Rezolve AI by 15.2% during the fourth quarter. State Street Corp now owns 2,534,611 shares of the company’s stock worth $6,514,000 after buying an additional 333,790 shares during the last quarter. Geode Capital Management LLC increased its position in Rezolve AI by 21.0% during the fourth quarter. Geode Capital Management LLC now owns 2,386,363 shares of the company’s stock worth $6,133,000 after buying an additional 413,539 shares during the last quarter. Weiss Asset Management LP acquired a new position in Rezolve AI during the first quarter worth approximately $5,120,000. Finally, Jump Financial LLC acquired a new position in Rezolve AI during the fourth quarter worth approximately $4,506,000. 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.