CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) traded up 2.3% during trading on Thursday . The company traded as high as $164.60 and last traded at $163.20. 7,030,292 shares were traded during mid-day trading, a decline of 68% from the average session volume of 21,647,352 shares. The stock had previously closed at $159.50.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Melius began coverage on CoreWeave in a research report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 price objective for the company. Arete Research upgraded shares of CoreWeave to a "hold" rating in a report on Thursday, June 5th. Mizuho lifted their price objective on shares of CoreWeave from $46.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Wall Street Zen downgraded shares of CoreWeave from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Northland Capmk upgraded shares of CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CoreWeave has an average rating of "Hold" and a consensus target price of $65.00.
Check Out Our Latest Stock Report on CoreWeave
CoreWeave Stock Performance
The business's 50-day moving average price is $99.52.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.67).
Institutional Investors Weigh In On CoreWeave
An institutional investor recently bought a new position in CoreWeave stock. Gamco Investors INC. ET AL purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,575 shares of the company's stock, valued at approximately $318,000.
CoreWeave Company Profile
(
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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