Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) fell 2.1% during trading on Wednesday . The company traded as low as $126.26 and last traded at $127.04. 2,529,208 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 19,585,764 shares. The stock had previously closed at $129.77.
Analyst Ratings Changes
A number of research firms have recently issued reports on CRWV. Arete assumed coverage on CoreWeave in a research report on Thursday, June 5th. They set a "neutral" rating and a $130.00 price objective on the stock. Barclays raised their target price on CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Moffett Nathanson initiated coverage on CoreWeave in a research report on Monday, May 5th. They issued a "neutral" rating and a $43.00 target price for the company. Melius started coverage on CoreWeave in a research report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 target price for the company. Finally, Northland Capmk upgraded shares of CoreWeave to a "strong-buy" rating in a research note on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $85.25.
Check Out Our Latest Stock Analysis on CoreWeave
CoreWeave Stock Down 3.7%
The business's fifty day moving average price is $140.23. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.44 and a quick ratio of 0.44.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results 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).
Hedge Funds Weigh In On CoreWeave
Several hedge funds have recently added to or reduced their stakes in CRWV. Gamco Investors INC. ET AL acquired a new position in CoreWeave in the first quarter valued at about $318,000. Goldman Sachs Group Inc. acquired a new position in CoreWeave in the first quarter valued at about $963,000. Howard Financial Services LTD. acquired a new position in CoreWeave in the second quarter valued at about $489,000. McAlister Sweet & Associates Inc. acquired a new position in CoreWeave in the second quarter valued at about $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in CoreWeave in the second quarter valued at about $117,000.
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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