CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares shot up 8.8% during trading on Friday . The stock traded as high as $166.22 and last traded at $165.20. 10,442,374 shares were traded during trading, a decline of 50% from the average session volume of 20,962,254 shares. The stock had previously closed at $151.77.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on CRWV. Stifel Nicolaus began coverage on CoreWeave in a research report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price objective for the company. Jefferies Financial Group initiated coverage on CoreWeave in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $51.00 target price for the company. Citigroup upped their price objective on CoreWeave from $43.00 to $94.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Bank of America downgraded CoreWeave from a "buy" rating to a "neutral" rating in a research note on Monday, June 16th. Finally, JMP Securities started coverage on CoreWeave in a research note on Thursday, May 22nd. They set a "market perform" rating for the company. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CoreWeave has a consensus rating of "Hold" and an average target price of $65.00.
View Our Latest Stock Analysis on CRWV
CoreWeave Trading Up 8.8%
The company has a fifty day simple moving average of $116.37. 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 posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).
Institutional Investors Weigh In On CoreWeave
Several hedge funds have recently made changes to their positions in the business. McAlister Sweet & Associates Inc. acquired a new position in CoreWeave in the second quarter valued at $277,000. Howard Financial Services LTD. acquired a new position in CoreWeave in the second quarter valued at $489,000. Gamco Investors INC. ET AL acquired a new position in CoreWeave in the first quarter valued at $318,000. Finally, Goldman Sachs Group Inc. acquired a new position in CoreWeave in the first quarter valued at $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.
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