CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) was up 8.6% during mid-day trading on Tuesday . The company traded as high as $146.75 and last traded at $143.72. Approximately 7,891,980 shares were traded during trading, a decline of 61% from the average daily volume of 20,244,299 shares. The stock had previously closed at $132.38.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on CRWV shares. Northland Capmk upgraded shares of CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. JMP Securities started coverage on shares of CoreWeave in a report on Thursday, May 22nd. They set a "market perform" rating for the company. Moffett Nathanson started coverage on shares of CoreWeave in a report on Monday, May 5th. They issued a "neutral" rating and a $43.00 price target for the company. DA Davidson reiterated an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a report on Tuesday, June 10th. Finally, Jefferies Financial Group started coverage on shares of CoreWeave in a report on Tuesday, April 22nd. They issued a "buy" rating and a $51.00 price target for the company. Three analysts have rated the stock with a sell rating, nineteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, CoreWeave currently has a consensus rating of "Hold" and an average target price of $81.56.
Get Our Latest Stock Report on CRWV
CoreWeave Price Performance
The company has a 50 day moving average price of $131.63. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.60.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.67).
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL boosted its position in CoreWeave by 29.2% during the second quarter. Strategic Investment Solutions Inc. IL now owns 6,802 shares of the company's stock worth $1,109,000 after purchasing an additional 1,537 shares in the last quarter. Magnus Financial Group LLC acquired a new stake in CoreWeave during the second quarter worth $903,000. Floyd Financial Group LLC acquired a new stake in CoreWeave during the second quarter worth $2,714,000. SJS Investment Consulting Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at $384,000. Finally, Golden State Equity Partners acquired a new stake in shares of CoreWeave in the second quarter valued at $276,000.
CoreWeave Company Profile
(
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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