CoreWeave (NASDAQ:CRWV) Raised to "Moderate Sell" at Hsbc Global Res

Hsbc Global Res upgraded shares of CoreWeave (NASDAQ:CRWV - Free Report) to a moderate sell rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Melius Research upgraded shares of CoreWeave to a "hold" rating in a report on Tuesday, April 22nd. Mizuho reiterated a "neutral" rating and issued a $150.00 price objective (up from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. HSBC started coverage on shares of CoreWeave in a research note on Wednesday. They issued a "reduce" rating and a $32.00 target price for the company. Arete started coverage on shares of CoreWeave in a research note on Thursday, June 5th. They issued a "neutral" rating and a $130.00 target price for the company. Finally, Morgan Stanley raised their target price on shares of CoreWeave from $46.00 to $58.00 and gave the company an "equal weight" rating in a research note on Thursday, May 15th. Three research 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. According to data from MarketBeat.com, CoreWeave presently has a consensus rating of "Hold" and an average target price of $83.25.

CoreWeave Stock Performance

CRWV stock traded down $9.19 during mid-day trading on Thursday, hitting $123.02. 12,808,426 shares of the company were exchanged, compared to its average volume of 14,528,984. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44. The business has a 50 day simple moving average of $134.61. CoreWeave has a 1-year low of $33.51 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the company. Chelsea Counsel Co. acquired a new position in CoreWeave in the second quarter valued at about $33,000. SOA Wealth Advisors LLC. grew its holdings in shares of CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after purchasing an additional 275 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of CoreWeave during the second quarter worth about $82,000. Webster Bank N. A. bought a new stake in shares of CoreWeave during the second quarter worth about $82,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of CoreWeave during the second quarter worth about $90,000.

About CoreWeave

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.