Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) were up 3.5% on Monday . The stock traded as high as $166.95 and last traded at $165.66. Approximately 4,308,839 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 21,482,598 shares. The stock had previously closed at $159.99.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Stifel Nicolaus started coverage on CoreWeave in a research note on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price target for the company. HC Wainwright started coverage on shares of CoreWeave in a research note on Wednesday, June 25th. They issued a "neutral" rating on the stock. Needham & Company LLC restated a "buy" rating and set a $55.00 price objective on shares of CoreWeave in a research report on Thursday, May 15th. Bank of America cut shares of CoreWeave from a "buy" rating to a "neutral" rating in a research note on Monday, June 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoreWeave in a research note on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price target on the stock. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $65.00.
View Our Latest Stock Analysis on CRWV
CoreWeave Price Performance
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 firm has a 50-day moving average of $113.89.
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 analysts' consensus estimates of ($0.16) by ($0.67).
Institutional Trading of CoreWeave
Several large investors have recently added to or reduced their stakes in the stock. McAlister Sweet & Associates Inc. purchased a new position in shares of CoreWeave in the second quarter valued at $277,000. Gamco Investors INC. ET AL acquired a new stake in shares of CoreWeave during the first quarter worth $318,000. Howard Financial Services LTD. acquired a new stake in CoreWeave during the second quarter worth about $489,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of CoreWeave in the 1st quarter worth approximately $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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