CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price dropped 3.5% during mid-day trading on Tuesday . The company traded as low as $156.74 and last traded at $157.35. Approximately 4,722,406 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 21,363,105 shares. The stock had previously closed at $163.06.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of CoreWeave in a research report on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 target price on shares of CoreWeave in a report on Thursday, May 15th. Wells Fargo & Company increased their price target on CoreWeave from $50.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 15th. Melius Research raised CoreWeave to a "hold" rating in a report on Tuesday, April 22nd. Finally, JMP Securities assumed coverage on CoreWeave in a research note on Thursday, May 22nd. They set a "market perform" rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.00.
Get Our Latest Report on CRWV
CoreWeave Stock Up 8.8%
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 company's fifty day moving average is $113.89.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released 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 Trading of CoreWeave
Several institutional investors have recently modified their holdings of CRWV. Goldman Sachs Group Inc. bought a new stake in shares of CoreWeave during the 1st quarter worth $963,000. Howard Financial Services LTD. purchased a new position in CoreWeave in the 2nd quarter worth about $489,000. McAlister Sweet & Associates Inc. acquired a new stake in CoreWeave during the 2nd quarter worth about $277,000. Finally, Gamco Investors INC. ET AL acquired a new stake in CoreWeave during the 1st quarter worth about $318,000.
CoreWeave Company Profile
(
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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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