CoreWeave (NASDAQ:CRWV) Earns Buy Rating from Analysts at Loop Capital

Loop Capital assumed coverage on shares of CoreWeave (NASDAQ:CRWV) in a research note released on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $165.00 price objective on the stock.

Several other equities analysts have also recently weighed in on the company. Barclays lifted their price objective on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Morgan Stanley boosted their price target on CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Mizuho reissued a “neutral” rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Finally, Bank of America lowered their price target on CoreWeave from $185.00 to $168.00 and set a “neutral” rating for the company in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $116.12.

CoreWeave Price Performance

NASDAQ:CRWV opened at $124.86 on Friday. The business’s 50 day moving average price is $111.39. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave has a 1-year low of $33.51 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The business’s revenue for the quarter 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 Transactions at CoreWeave

In related news, insider Brannin Mcbee sold 250,000 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $118.17, for a total transaction of $29,542,500.00. Following the sale, the insider owned 121,965 shares in the company, valued at $14,412,604.05. The trade was a 67.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Magnetar Financial Llc sold 211,835 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $120.09, for a total value of $25,439,265.15. Following the sale, the insider owned 1,113,425 shares in the company, valued at $133,711,208.25. This represents a 15.98% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,056,704 shares of company stock worth $1,367,589,383.

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL bought a new stake in CoreWeave during the 1st quarter worth $318,000. Cisco Systems Inc. bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $173,493,000. Howard Financial Services LTD. bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $489,000. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $39,824,000. Finally, Fox Hill Wealth Management bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $858,000.

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.