CoreWeave's (CRWV) Neutral Rating Reiterated at HC Wainwright

CoreWeave (NASDAQ:CRWV - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at HC Wainwright in a research report issued to clients and investors on Monday,Benzinga reports.

CRWV has been the subject of several other research reports. Arete Research raised CoreWeave to a "hold" rating in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft started coverage on CoreWeave in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $45.00 target price for the company. Citizens Jmp raised CoreWeave to a "hold" rating in a research note on Thursday, May 22nd. Bank of America lowered CoreWeave from a "buy" rating to a "neutral" rating in a research note on Monday, June 16th. Finally, Moffett Nathanson started coverage on CoreWeave in a research note on Monday, May 5th. They issued a "neutral" rating and a $43.00 target price for the company. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $81.56.

CoreWeave Trading Up 6.2%

CRWV stock traded up $8.21 during mid-day trading on Monday, hitting $140.59. 17,245,459 shares of the stock were exchanged, compared to its average volume of 15,121,568. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.60. The firm's fifty day simple moving average is $129.84. CoreWeave has a 12 month low of $33.51 and a 12 month high of $187.00.

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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Floyd Financial Group LLC purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $2,714,000. SJS Investment Consulting Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $384,000. Golden State Equity Partners purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $276,000. Armstrong Advisory Group Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $313,000. Finally, Vanguard Capital Wealth Advisors purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $351,000.

CoreWeave Company Profile

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.