CoreWeave (NASDAQ:CRWV) Trading Down 2.5% - Should You Sell?

Key Points

• CoreWeave Inc. shares fell by 2.5% to $112.72, with a significant drop in trading volume of about 80% compared to the average daily volume.
• Analyst ratings for CoreWeave are mixed, with 19 analysts
• CoreWeave recently reported an EPS of (0.83), missing analysts' estimates by $0.67.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price fell 2.5% during trading on Monday . The company traded as low as $111.60 and last traded at $112.72. 3,869,598 shares traded hands during trading, a decline of 80% from the average session volume of 19,174,912 shares. The stock had previously closed at $115.62.

Analysts Set New Price Targets

A number of research firms have recently commented on CRWV. Melius Research raised shares of CoreWeave to a "hold" rating in a report on Tuesday, April 22nd. HC Wainwright reiterated a "neutral" rating on shares of CoreWeave in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave in a research report on Tuesday, April 22nd. They set a "hold" rating and a $45.00 target price for the company. Morgan Stanley increased their target price on shares of CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, JMP Securities assumed coverage on shares of CoreWeave in a research report on Thursday, May 22nd. They set a "market perform" rating for the company. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $90.20.

CoreWeave Price Performance

The firm's fifty day simple moving average is $140.98. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44.

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 Investors Weigh In On CoreWeave

Institutional investors have recently modified their holdings of the business. Chelsea Counsel Co. bought a new stake in shares of CoreWeave in the second quarter valued at about $33,000. SOA Wealth Advisors LLC. boosted its position in shares of CoreWeave by 275.0% in the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock valued at $61,000 after acquiring an additional 275 shares during the period. Costello Asset Management INC boosted its position in shares of CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after acquiring an additional 100 shares during the period. Western Pacific Wealth Management LP bought a new stake in shares of CoreWeave in the second quarter valued at about $82,000. Finally, Webster Bank N. A. bought a new stake in CoreWeave during the second quarter worth about $82,000.

About CoreWeave

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.