CoreWeave (NASDAQ:CRWV) Coverage Initiated at Argus

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

Several other research firms have also recently weighed in on CRWV. Northland Capmk raised shares of CoreWeave to a "strong-buy" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. upped their price objective on shares of CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Moffett Nathanson started coverage on shares of CoreWeave in a research report on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective for the company. Arete initiated coverage on shares of CoreWeave in a report on Thursday, June 5th. They issued a "neutral" rating and a $130.00 target price for the company. Finally, The Goldman Sachs Group raised their price objective on shares of CoreWeave from $54.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $81.56.

CoreWeave Trading Down 9.0%

Shares of CRWV stock traded down $12.45 on Friday, hitting $125.84. The company's stock had a trading volume of 15,616,872 shares, compared to its average volume of 15,577,443. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44. The business has a 50 day simple moving average of $126.49. CoreWeave has a fifty-two week low of $33.51 and a fifty-two week high of $187.00.

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

Institutional Trading of CoreWeave

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $82,000. Webster Bank N. A. acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $82,000. Farther Finance Advisors LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $90,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $117,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $212,000.

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.