CoreWeave (NASDAQ:CRWV) Receives Neutral Rating from HC Wainwright

HC Wainwright restated their neutral rating on shares of CoreWeave (NASDAQ:CRWV) in a report released on Monday morning,Benzinga reports.

CRWV has been the subject of a number of other reports. Mizuho reaffirmed a “neutral” rating and set a $150.00 price target (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Arete Research raised shares of CoreWeave to a “hold” rating in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave in a research note on Tuesday, April 22nd. They set a “hold” rating and a $45.00 price target for the company. DA Davidson reissued an “underperform” rating and issued a $36.00 price objective on shares of CoreWeave in a research report on Tuesday, June 10th. Finally, Morgan Stanley boosted their price objective on shares of CoreWeave from $46.00 to $58.00 and gave the company an “equal weight” rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CoreWeave has an average rating of “Hold” and an average price target of $81.56.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $132.38 on Monday. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.44 and a quick ratio of 0.44. The business has a fifty day simple moving average of $126.49.

CoreWeave (NASDAQ:CRWV) last released 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

Large investors have recently modified their holdings of the business. Western Pacific Wealth Management LP bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $82,000. Webster Bank N. A. bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $82,000. Farther Finance Advisors LLC bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $90,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $117,000. Finally, Wesbanco Bank Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $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.