Cantor Fitzgerald Initiates Coverage on Rezolve AI (NASDAQ:RZLV)

Cantor Fitzgerald began coverage on shares of Rezolve AI (NASDAQ:RZLV) in a report published on Thursday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $5.00 target price on the stock.

Rezolve AI Price Performance

Shares of RZLV opened at $1.83 on Thursday. Rezolve AI has a one year low of $1.57 and a one year high of $12.29. The business has a fifty day moving average price of $4.46.

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 stake in shares of Rezolve AI Limited (NASDAQ:RZLV) in the third quarter, according to its most recent disclosure 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. Institutional investors own 27.96% of the company’s stock.

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.