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

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

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Rezolve AI in a research note on Tuesday, April 21st.

Rezolve AI Trading Down 1.8%

Shares of RZLV opened at $2.67 on Tuesday. The firm has a 50-day moving average of $2.60 and a 200-day moving average of $2.74. Rezolve AI has a one year low of $1.95 and a one year high of $8.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67.

Rezolve AI (NASDAQ:RZLV) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $20.24 million during the quarter, compared to the consensus estimate of $13.70 million. Sell-side analysts anticipate that Rezolve AI will post -0.11 earnings per share for the current year.

Insider Activity

In related news, CEO Daniel Maurice Wagner bought 812,956 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was bought at an average price of $4.00 per share, for a total transaction of $3,251,824.00. Following the purchase, the chief executive officer owned 47,785,117 shares in the company, valued at $191,140,468. This represents a 1.73% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 68.71% of the company’s stock.

Institutional Trading of Rezolve AI

A number of hedge funds have recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new stake in shares of Rezolve AI during the 3rd quarter worth about $120,880,000. State Street Corp lifted its stake in shares of Rezolve AI by 15.2% during the 4th 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 lifted its stake in shares of Rezolve AI by 21.0% during the 4th 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 stake in shares of Rezolve AI during the 1st quarter worth about $5,120,000. Finally, Jump Financial LLC acquired a new stake in shares of Rezolve AI during the 4th quarter worth about $4,506,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

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.