CoreWeave Inc. (NASDAQ:CRWV) Given Consensus Rating of “Hold” by Brokerages

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) has been given a consensus recommendation of “Hold” by the thirty-two brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $122.4333.

A number of analysts have issued reports on the company. Evercore ISI cut their target price on CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Truist Financial started coverage on shares of CoreWeave in a research report on Tuesday, January 6th. They set a “hold” rating and a $84.00 price objective for the company. Melius Research set a $140.00 target price on shares of CoreWeave in a research note on Tuesday, November 11th. UBS Group reiterated a “neutral” rating on shares of CoreWeave in a report on Friday, January 16th. Finally, Roth Mkm began coverage on shares of CoreWeave in a report on Thursday, December 4th. They set a “buy” rating and a $110.00 price target for the company.

Get Our Latest Analysis on CoreWeave

CoreWeave Trading Down 1.2%

Shares of CoreWeave stock opened at $94.05 on Thursday. The stock has a market cap of $36.34 billion and a P/E ratio of -64.86. The stock’s 50 day simple moving average is $79.94 and its 200-day simple moving average is $105.86. CoreWeave has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the business posted ($1.82) EPS. CoreWeave’s revenue for the quarter was up 133.7% compared to the same quarter last year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Insiders Place Their Bets

In related news, insider Brannin Mcbee sold 26,000 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $88.77, for a total value of $2,308,020.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian M. Venturo sold 154,479 shares of the company’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $78.11, for a total transaction of $12,066,354.69. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,757,850 shares of company stock valued at $870,529,942 over the last quarter.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nvidia Corp lifted its holdings in shares of CoreWeave by 0.4% in the 2nd quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock worth $3,958,701,000 after acquiring an additional 95,113 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after buying an additional 17,847,760 shares during the period. Vanguard Group Inc. grew its stake in shares of CoreWeave by 109.7% in the third quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company’s stock valued at $1,017,275,000 after buying an additional 3,888,164 shares in the last quarter. Invesco Ltd. raised its holdings in shares of CoreWeave by 55,329.7% in the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after buying an additional 2,993,889 shares during the period. Finally, Clear Street Group Inc. acquired a new position in CoreWeave during the 3rd quarter worth about $405,199,000.

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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