CoreWeave (NASDAQ:CRWV) Trading Up 3.5% – What’s Next?

CoreWeave Inc. (NASDAQ:CRWV) shares were up 3.5% on Monday . The company traded as high as $166.95 and last traded at $165.66. Approximately 4,308,839 shares were traded during trading, a decline of 80% from the average daily volume of 21,482,598 shares. The stock had previously closed at $159.99.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Arete assumed coverage on CoreWeave in a research note on Thursday, June 5th. They issued a “neutral” rating and a $130.00 price target on the stock. The Goldman Sachs Group raised their price target on CoreWeave from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Mizuho increased their price target on CoreWeave from $46.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoreWeave in a report on Tuesday, April 22nd. They set a “hold” rating and a $45.00 price objective for the company. Finally, HC Wainwright initiated coverage on CoreWeave in a report on Wednesday, June 25th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $65.00.

CoreWeave Trading Up 0.8%

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 fifty day moving average price of $109.22.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates 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 bought a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,575 shares of the company’s stock, valued at approximately $318,000.

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.