CoreWeave (NASDAQ:CRWV - Free Report) had its price objective raised by Barclays from $100.00 to $140.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.
Other equities analysts have also issued reports about the stock. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a research report on Thursday. HC Wainwright reaffirmed a "neutral" rating on shares of CoreWeave in a report on Monday, July 14th. The Goldman Sachs Group upped their price objective on CoreWeave from $54.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Stifel Nicolaus set a $115.00 price objective on CoreWeave and gave the stock a "hold" rating in a report on Tuesday, July 8th. Finally, Macquarie upped their price objective on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CoreWeave has a consensus rating of "Hold" and an average price target of $85.25.
Get Our Latest Report on CRWV
CoreWeave Stock Performance
Shares of CRWV traded up $1.89 during mid-day trading on Monday, hitting $124.91. 11,186,367 shares of the company traded hands, compared to its average volume of 13,609,229. The firm's 50 day simple moving average is $134.61. CoreWeave has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.60.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.67).
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $33,000. SOA Wealth Advisors LLC. raised its stake in shares of CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after purchasing an additional 275 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $82,000. Webster Bank N. A. purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $82,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $90,000.
About CoreWeave
(
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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.
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