CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares traded down 3.3% during mid-day trading on Thursday . The company traded as low as $135.00 and last traded at $138.25. 4,195,448 shares changed hands during trading, a decline of 79% from the average session volume of 20,043,205 shares. The stock had previously closed at $143.04.
Wall Street Analysts Forecast Growth
CRWV has been the topic of several recent research reports. Bank of America cut shares of CoreWeave from a "buy" rating to a "neutral" rating in a research report on Monday, June 16th. Citizens Jmp raised shares of CoreWeave to a "hold" rating in a research report on Thursday, May 22nd. Mizuho reiterated a "neutral" rating and issued a $150.00 price objective (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Macquarie increased their price target on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Finally, Moffett Nathanson started coverage on CoreWeave in a report on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective on the stock. Three analysts have rated the stock with a sell rating, nineteen have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $83.25.
Read Our Latest Stock Analysis on CRWV
CoreWeave Stock Performance
The firm has a fifty day moving average of $133.18. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 2.60.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued 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).
Institutional Trading of CoreWeave
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. Western Pacific Wealth Management LP acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $82,000. RFG Holdings Inc. bought a new position in shares of CoreWeave in the 2nd quarter worth $1,450,000. Aua Capital Management LLC acquired a new stake in shares of CoreWeave during the second quarter worth $397,000. Sivia Capital Partners LLC acquired a new position in CoreWeave in the second quarter valued at about $39,824,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth about $212,000.
CoreWeave Company Profile
(
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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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