Cantor Fitzgerald Initiates Coverage on CoreWeave (NASDAQ:CRWV)

Key Points

• Cantor Fitzgerald has initiated coverage on CoreWeave (NASDAQ:CRWV) with an "overweight" rating, indicating a positive outlook for the stock.
• Analysts have varying opinions on CoreWeave, with 3 rating it as a strong buy, 7 as a buy, and 15 as a hold, resulting in a consensus target price of $107.45.
• CoreWeave's recent earnings report showed a revenue increase of 206.7% year-over-year, although it missed earnings expectations by $0.07.

Analysts at Cantor Fitzgerald initiated coverage on shares of CoreWeave (NASDAQ:CRWV - Get Free Report) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating on the stock.

CRWV has been the subject of a number of other reports. Wells Fargo & Company boosted their target price on shares of CoreWeave from $60.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 13th. Northland Capmk upgraded shares of CoreWeave to a "strong-buy" rating in a research report on Tuesday, May 13th. Stifel Nicolaus lifted their price target on shares of CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Morgan Stanley lifted their price target on shares of CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, JMP Securities started coverage on shares of CoreWeave in a research report on Thursday, May 22nd. They set a "market perform" rating for the company. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave currently has a consensus rating of "Hold" and a consensus target price of $107.45.

CoreWeave Stock Up 6.0%

Shares of NASDAQ CRWV opened at $102.79 on Tuesday. CoreWeave has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The business has a 50-day moving average of $127.97.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. CoreWeave's quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Activity

In other CoreWeave news, insider Kristen J. Mcveety sold 2,292 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $89.97, for a total transaction of $206,211.24. Following the sale, the insider directly owned 4,183 shares of the company's stock, valued at approximately $376,344.51. This represents a 35.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Nitin Agrawal sold 3,512 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $92.06, for a total transaction of $323,314.72. Following the sale, the chief financial officer directly owned 124,900 shares in the company, valued at $11,498,294. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,967,628 shares of company stock valued at $384,258,221.

Hedge Funds Weigh In On CoreWeave

Hedge funds have recently bought and sold shares of the business. Western Pacific Wealth Management LP bought a new position in CoreWeave during the second quarter worth about $82,000. RFG Holdings Inc. bought a new position in CoreWeave during the second quarter worth about $1,450,000. Aua Capital Management LLC bought a new position in CoreWeave during the second quarter worth about $397,000. Sivia Capital Partners LLC bought a new position in CoreWeave during the second quarter worth about $39,824,000. Finally, Wesbanco Bank Inc. bought a new position in CoreWeave during the second quarter worth about $212,000.

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.