CoreWeave Inc. (NASDAQ:CRWV) Given Consensus Rating of “Moderate Buy” by Analysts

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) has earned an average recommendation of “Moderate Buy” from the thirty-two research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $122.3548.

Several research firms have issued reports on CRWV. Wells Fargo & Company dropped their target price on CoreWeave from $150.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. Sanford C. Bernstein began coverage on CoreWeave in a research report on Thursday, March 5th. They issued an “underperform” rating and a $56.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded CoreWeave from a “hold” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $140.00 in a research note on Tuesday, January 27th. Mizuho cut their target price on CoreWeave from $100.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, February 27th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $180.00 target price on shares of CoreWeave in a report on Friday, February 27th.

View Our Latest Report on CRWV

CoreWeave Price Performance

CRWV opened at $79.86 on Friday. The firm has a 50-day moving average price of $88.86 and a 200-day moving average price of $98.28. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $33.46 billion and a price-to-earnings ratio of -24.96.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The business had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business’s revenue was up 110.4% compared to the same quarter last year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Insider Activity

In other CoreWeave news, insider Brian M. Venturo sold 281,250 shares of the firm’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $79.36, for a total value of $22,320,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael N. Intrator sold 111,427 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total transaction of $8,066,200.53. Following the transaction, the chief executive officer owned 5,922,620 shares of the company’s stock, valued at $428,738,461.80. This trade represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,606,943 shares of company stock worth $387,628,003.

Institutional Investors Weigh In On CoreWeave

Several large investors have recently added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC increased its stake in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 125 shares during the last quarter. HighMark Wealth Management LLC bought a new stake in shares of CoreWeave during the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora bought a new stake in shares of CoreWeave during the 3rd quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave during the third quarter worth about $27,000. Finally, Aspect Partners LLC purchased a new position in shares of CoreWeave during the third quarter worth about $28,000.

CoreWeave Company Profile

(Get Free Report)

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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Analyst Recommendations for CoreWeave (NASDAQ:CRWV)

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