Rezolve AI (NASDAQ:RZLV) Coverage Initiated at Northland Securities

Northland Securities assumed coverage on shares of Rezolve AI (NASDAQ:RZLV) in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $5.00 price objective on the stock.

A number of other analysts have also recently issued reports on the company. Roth Mkm started coverage on Rezolve AI in a research note on Tuesday, December 10th. They set a “buy” rating and a $4.00 target price for the company. Roth Capital raised shares of Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald started coverage on shares of Rezolve AI in a research report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price objective on the stock.

Rezolve AI Stock Up 14.0 %

Shares of Rezolve AI stock opened at $3.75 on Wednesday. The stock has a 50-day simple moving average of $3.81. Rezolve AI has a 1 year low of $1.57 and a 1 year high of $12.29.

Hedge Funds Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. bought a new position in shares of Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is owned by hedge funds and other institutional investors.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.