Mizuho Reiterates "Neutral" Rating for CoreWeave (NASDAQ:CRWV)

Mizuho reissued their neutral rating on shares of CoreWeave (NASDAQ:CRWV - Free Report) in a research note published on Tuesday, Marketbeat reports. They currently have a $150.00 target price on the stock, up from their prior target price of $70.00.

A number of other brokerages have also recently commented on CRWV. JMP Securities began coverage on shares of CoreWeave in a report on Thursday, May 22nd. They set a "market perform" rating for the company. Melius began coverage on shares of CoreWeave in a report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 target price for the company. Citigroup upped their price target on shares of CoreWeave from $43.00 to $94.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 21st. Macquarie increased their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, HC Wainwright started coverage on shares of CoreWeave in a research note on Wednesday, June 25th. They issued a "neutral" rating for the company. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $81.56.

CoreWeave Stock Down 9.0%

CRWV stock traded down $12.45 during midday trading on Tuesday, reaching $125.84. 15,616,872 shares of the company's stock traded hands, compared to its average volume of 15,577,443. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.60. The stock's 50-day moving average is $126.49.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CRWV. Cisco Systems Inc. acquired a new position in shares of CoreWeave in the second quarter valued at approximately $173,493,000. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth $39,824,000. Goldman Sachs Group Inc. purchased a new stake in shares of CoreWeave during the 1st quarter worth $963,000. RFG Holdings Inc. purchased a new stake in shares of CoreWeave during the 2nd quarter worth $1,450,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of CoreWeave during the 1st quarter worth $318,000.

About CoreWeave

CoreWeave, 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.