CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $138.29, but opened at $132.93. CoreWeave shares last traded at $132.45, with a volume of 3,274,411 shares.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Needham & Company LLC reissued a "hold" rating and set a $78.00 price target on shares of CoreWeave in a report on Thursday. Moffett Nathanson assumed coverage on CoreWeave in a research note on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, DA Davidson reaffirmed an "underperform" rating and set a $36.00 price objective on shares of CoreWeave in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $81.56.
Read Our Latest Research Report on CoreWeave
CoreWeave Stock Down 6.2%
The company has a debt-to-equity ratio of 2.60, a current ratio of 0.44 and a quick ratio of 0.44. The stock's fifty day moving average price is $125.01.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results 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 institutional investors and hedge funds have recently modified their holdings of CRWV. Cisco Systems Inc. bought a new position in shares of CoreWeave in the second quarter worth $173,493,000. Sivia Capital Partners LLC bought a new position in shares of CoreWeave in the second quarter worth $39,824,000. Goldman Sachs Group Inc. bought a new position in CoreWeave during the first quarter valued at about $963,000. RFG Holdings Inc. bought a new position in CoreWeave during the second quarter valued at about $1,450,000. Finally, Gamco Investors INC. ET AL bought a new position in CoreWeave during the first quarter valued at 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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