Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) have been given a consensus recommendation of "Hold" by the twenty-three brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $65.00.
A number of brokerages have recently weighed in on CRWV. Melius Research raised CoreWeave to a "hold" rating in a research note on Tuesday, April 22nd. The Goldman Sachs Group increased their target price on CoreWeave from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, May 16th. JMP Securities started coverage on CoreWeave in a research note on Thursday, May 22nd. They set a "market perform" rating on the stock. DA Davidson reissued an "underperform" rating and issued a $36.00 price objective on shares of CoreWeave in a research report on Tuesday, June 10th. Finally, Citizens Jmp upgraded CoreWeave to a "hold" rating in a research note on Thursday, May 22nd.
Check Out Our Latest Report on CRWV
CoreWeave Trading Up 8.8%
CoreWeave stock traded up $13.43 during mid-day trading on Friday, hitting $165.20. The company had a trading volume of 10,442,374 shares, compared to its average volume of 18,936,734. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.60. CoreWeave has a 12 month low of $33.51 and a 12 month high of $187.00. The business has a 50 day simple moving average of $116.37.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).
Hedge Funds Weigh In On CoreWeave
Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of CoreWeave during the first quarter valued at about $963,000. Gamco Investors INC. ET AL acquired a new stake in CoreWeave in the 1st quarter valued at $318,000. Howard Financial Services LTD. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $489,000. Finally, McAlister Sweet & Associates Inc. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $277,000.
About CoreWeave
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Get Free ReportCoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.
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