Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) rose 4.9% during mid-day trading on Monday . The stock traded as high as $135.67 and last traded at $131.98. Approximately 6,892,622 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 20,356,998 shares. The stock had previously closed at $125.84.
Wall Street Analysts Forecast Growth
CRWV has been the topic of several research reports. Stifel Nicolaus set a $115.00 target price on shares of CoreWeave and gave the stock a "hold" rating in a report on Tuesday, July 8th. JMP Securities began coverage on shares of CoreWeave in a research report on Thursday, May 22nd. They issued a "market perform" rating on the stock. Melius began coverage on shares of CoreWeave in a research report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target on the stock. Moffett Nathanson began coverage on shares of CoreWeave in a research report on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective on the stock. Finally, Arete began coverage on shares of CoreWeave in a research report on Thursday, June 5th. They set a "neutral" rating and a $130.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CoreWeave presently has a consensus rating of "Hold" and a consensus price target of $81.56.
Read Our Latest Report on CoreWeave
CoreWeave Stock Up 5.2%
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 stock's fifty day simple moving average is $126.49.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).
Hedge Funds Weigh In On CoreWeave
Institutional investors and hedge funds have recently made changes to their positions in the business. Western Pacific Wealth Management LP purchased a new position in shares of CoreWeave during the 2nd quarter worth about $82,000. Webster Bank N. A. purchased a new stake in shares of CoreWeave in the second quarter worth approximately $82,000. Farther Finance Advisors LLC bought a new stake in shares of CoreWeave during the 2nd quarter worth approximately $90,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CoreWeave during the 2nd quarter worth approximately $117,000. Finally, Wesbanco Bank Inc. bought a new stake in shares of CoreWeave during the 2nd quarter worth approximately $212,000.
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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