200,000 Shares in Rezolve AI PLC $RZLV Acquired by Brown Wealth Management LLC

Brown Wealth Management LLC acquired a new stake in Rezolve AI PLC (NASDAQ:RZLV) in the second quarter, according to its most recent filing with the SEC. The fund acquired 200,000 shares of the company’s stock, valued at approximately $615,000. Brown Wealth Management LLC owned approximately 0.10% of Rezolve AI at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC grew its position in shares of Rezolve AI by 62.1% in the first quarter. Wolverine Asset Management LLC now owns 21,453 shares of the company’s stock valued at $26,000 after purchasing an additional 8,219 shares in the last quarter. Hartford Financial Management Inc. bought a new position in Rezolve AI in the 2nd quarter worth about $31,000. Virtu Financial LLC purchased a new position in Rezolve AI during the 1st quarter valued at about $44,000. ProShare Advisors LLC bought a new stake in shares of Rezolve AI during the second quarter valued at about $57,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Rezolve AI during the second quarter valued at about $57,000. Hedge funds and other institutional investors own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RZLV. Northland Securities boosted their price objective on shares of Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Alliance Global Partners initiated coverage on shares of Rezolve AI in a report on Friday, August 1st. They issued a “buy” rating and a $8.50 price target on the stock. Maxim Group increased their price objective on Rezolve AI from $10.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Roth Capital lifted their price objective on Rezolve AI from $9.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rezolve AI presently has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Rezolve AI Price Performance

RZLV stock opened at $2.88 on Wednesday. The firm has a 50 day simple moving average of $5.20 and a two-hundred day simple moving average of $3.59. Rezolve AI PLC has a one year low of $1.07 and a one year high of $8.45.

Rezolve AI Profile

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.