CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price traded down 2.9% on Tuesday . The company traded as low as $153.97 and last traded at $155.12. 4,666,925 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 20,733,848 shares. The stock had previously closed at $159.70.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Northland Capmk raised shares of CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. Citizens Jmp raised shares of CoreWeave to a "hold" rating in a report on Thursday, May 22nd. Morgan Stanley lifted their target price on shares of CoreWeave from $46.00 to $58.00 and gave the stock an "equal weight" rating in a report on Thursday, May 15th. HC Wainwright began coverage on shares of CoreWeave in a report on Wednesday, June 25th. They set a "neutral" rating for the company. Finally, Wells Fargo & Company lifted their target price 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. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CoreWeave presently has a consensus rating of "Hold" and a consensus price target of $73.24.
Check Out Our Latest Research Report on CRWV
CoreWeave Trading Down 5.2%
The company has a 50-day simple moving average of $120.89. 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 (NASDAQ:CRWV - Get Free Report) last announced its quarterly 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 institutional investors have recently added to or reduced their stakes in CRWV. Webster Bank N. A. bought a new stake in CoreWeave in the 2nd quarter valued at $82,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CoreWeave in the 2nd quarter valued at $117,000. Wesbanco Bank Inc. bought a new stake in CoreWeave during the 2nd quarter worth about $212,000. McAlister Sweet & Associates Inc. bought a new stake in CoreWeave during the 2nd quarter worth about $277,000. Finally, Gamco Investors INC. ET AL bought a new stake in CoreWeave during the 1st quarter worth about $318,000.
About CoreWeave
(
Get Free Report)
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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