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

Shares of CoreWeave Inc. (NASDAQ:CRWVGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the thirty-two ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and eighteen have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $122.3548.

Several equities analysts have commented on CRWV shares. Truist Financial lifted their target price on shares of CoreWeave from $84.00 to $85.00 and gave the stock a “hold” rating in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft raised CoreWeave from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $140.00 in a report on Tuesday, January 27th. Macquarie Infrastructure reiterated a “neutral” rating and set a $115.00 price target on shares of CoreWeave in a report on Tuesday, January 27th. UBS Group reissued a “neutral” rating on shares of CoreWeave in a research report on Friday, January 16th. Finally, Roth Mkm restated a “buy” rating on shares of CoreWeave in a research note on Monday, February 23rd.

View Our Latest Stock Analysis on CRWV

CoreWeave Stock Performance

NASDAQ CRWV opened at $79.86 on Friday. The company has a fifty day moving average price of $88.86 and a 200-day moving average price of $98.28. The firm has a market cap of $33.46 billion and a price-to-earnings ratio of -24.96. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46. CoreWeave has a 1 year low of $33.51 and a 1 year high of $187.00.

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

Insider Activity at CoreWeave

In related news, CEO Michael N. Intrator sold 111,427 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 5,922,620 shares in the company, valued at approximately $428,738,461.80. This represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian M. Venturo sold 281,250 shares of CoreWeave stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $79.36, for a total transaction of $22,320,000.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 4,606,943 shares of company stock worth $387,628,003.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds have recently modified their holdings of CRWV. Cornerstone Planning Group LLC increased its position in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the last quarter. Family Legacy Financial Solutions LLC lifted its position in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC bought a new position in shares of CoreWeave during the 3rd quarter worth $27,000. OLD Second National Bank of Aurora bought a new position in shares of CoreWeave during the 3rd quarter worth $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in CoreWeave in the 3rd quarter worth about $27,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

About CoreWeave

(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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