Rezolve AI (NASDAQ:RZLV) Shares Gap Down – Should You Sell?

Shares of Rezolve AI PLC (NASDAQ:RZLV) gapped down before the market opened on Friday . The stock had previously closed at $2.97, but opened at $2.72. Rezolve AI shares last traded at $3.0150, with a volume of 5,864,558 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on RZLV. Northland Securities upped their price target on Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. Roth Capital boosted their target price on Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Cantor Fitzgerald increased their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. HC Wainwright lifted their price target on Rezolve AI from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rezolve AI has an average rating of “Moderate Buy” and an average price target of $9.00.

Rezolve AI Stock Up 1.6%

The company has a 50 day moving average price of $5.32 and a two-hundred day moving average price of $3.56.

Institutional Trading of Rezolve AI

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Rezolve AI by 1,100.7% during the second quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company’s stock valued at $3,799,000 after purchasing an additional 1,132,569 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Rezolve AI by 13,595.5% in the third quarter. BNP Paribas Financial Markets now owns 1,054,552 shares of the company’s stock worth $5,252,000 after acquiring an additional 1,046,852 shares during the period. Vanguard Group Inc. increased its position in Rezolve AI by 51.3% during the third quarter. Vanguard Group Inc. now owns 972,586 shares of the company’s stock valued at $4,843,000 after acquiring an additional 329,568 shares during the last quarter. UBS Group AG grew its position in Rezolve AI by 153.5% during the third quarter. UBS Group AG now owns 512,611 shares of the company’s stock valued at $2,553,000 after buying an additional 310,371 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Rezolve AI during the third quarter valued at approximately $1,481,000. 27.96% of the stock is currently owned by institutional investors.

About Rezolve AI

Rezolve AI Plc 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.