CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price was up 3.1% on Thursday . The company traded as high as $157.73 and last traded at $156.42. Approximately 3,107,286 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 20,987,314 shares. The stock had previously closed at $151.77.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on CRWV shares. JPMorgan Chase & Co. boosted their target price on CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Melius Research raised CoreWeave to a "hold" rating in a research report on Tuesday, April 22nd. Mizuho boosted their price target on CoreWeave from $46.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. The Goldman Sachs Group boosted their price target on CoreWeave from $54.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group began coverage on CoreWeave in a research note on Tuesday, April 22nd. They set a "buy" rating and a $51.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, CoreWeave has an average rating of "Hold" and an average target price of $65.00.
Get Our Latest Stock Analysis on CoreWeave
CoreWeave Stock Up 8.8%
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 stock has a fifty day simple moving average of $116.37.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.67).
Institutional Trading of CoreWeave
Hedge funds have recently made changes to their positions in the business. McAlister Sweet & Associates Inc. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at about $277,000. Gamco Investors INC. ET AL purchased a new stake in shares of CoreWeave during the 1st quarter valued at about $318,000. Howard Financial Services LTD. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at about $489,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of CoreWeave during the 1st quarter valued at about $963,000.
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.
Further Reading
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