CoreWeave (NASDAQ:CRWV) Coverage Initiated at Argus

Argus initiated coverage on shares of CoreWeave (NASDAQ:CRWV - Free Report) in a research note released on Friday, MarketBeat reports. The firm issued a buy rating and a $200.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of CoreWeave from $50.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of CoreWeave in a report on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price target on the stock. JMP Securities started coverage on shares of CoreWeave in a report on Thursday, May 22nd. They set a "market perform" rating on the stock. Stifel Nicolaus set a $115.00 price target on shares of CoreWeave and gave the stock a "hold" rating in a report on Tuesday, July 8th. Finally, Melius started coverage on shares of CoreWeave in a report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 price target on the stock. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CoreWeave has a consensus rating of "Hold" and an average price target of $81.56.

CoreWeave Stock Performance

Shares of NASDAQ CRWV traded up $6.54 during trading hours on Friday, hitting $132.38. 11,403,281 shares of the stock were exchanged, compared to its average volume of 20,430,547. CoreWeave has a 1-year low of $33.51 and a 1-year 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 firm has a fifty day moving average of $126.49.

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

Institutional Investors Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Equity Partners bought a new stake in CoreWeave in the second quarter valued at $276,000. Armstrong Advisory Group Inc. bought a new stake in CoreWeave in the second quarter valued at $313,000. Vanguard Capital Wealth Advisors bought a new stake in shares of CoreWeave during the second quarter worth about $351,000. Farther Finance Advisors LLC bought a new stake in shares of CoreWeave during the second quarter worth about $90,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of CoreWeave during the second quarter worth about $848,000.

CoreWeave Company Profile

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.