Rezolve AI (NASDAQ:RZLV) Shares Gap Up – Here’s What Happened

Shares of Rezolve AI PLC (NASDAQ:RZLV) gapped up prior to trading on Wednesday . The stock had previously closed at $3.55, but opened at $3.83. Rezolve AI shares last traded at $3.5750, with a volume of 21,526,643 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RZLV shares. Maxim Group raised their price target on Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Roth Mkm upped their price target on shares of Rezolve AI from $9.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. HC Wainwright raised their price objective on Rezolve AI from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $8.00 price target on shares of Rezolve AI in a research report on Wednesday, January 14th. Finally, Northland Securities raised their target price on Rezolve AI from $5.00 to $7.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Rezolve AI Stock Down 9.0%

The company has a 50 day moving average of $3.06 and a 200 day moving average of $3.84.

Hedge Funds Weigh In On Rezolve AI

Institutional investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. acquired a new position in shares of Rezolve AI during the 3rd quarter worth about $120,880,000. Geode Capital Management LLC raised 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 worth $3,799,000 after acquiring an additional 1,132,569 shares in the last quarter. BNP Paribas Financial Markets lifted its position 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 valued at $5,252,000 after buying an additional 1,046,852 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in Rezolve AI in the 3rd quarter valued at about $2,490,000. Finally, XTX Topco Ltd acquired a new position in shares of Rezolve AI in the third quarter valued at about $1,781,000. 27.96% of the stock is owned by institutional investors.

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.