Analysts Set CoreWeave Inc. (NASDAQ:CRWV) Target Price at $130.14

CoreWeave Inc. (NASDAQ:CRWV) has earned an average rating of “Moderate Buy” from the thirty-four research firms that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, seventeen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $129.4667.

A number of equities research analysts have recently issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Compass Point initiated coverage on CoreWeave in a research note on Thursday, November 13th. They set a “buy” rating and a $150.00 price objective on the stock. Jefferies Financial Group reduced their target price on CoreWeave from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. DA Davidson reiterated an “underperform” rating and issued a $36.00 price target on shares of CoreWeave in a report on Tuesday, November 11th. Finally, Arete raised CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research report on Thursday, August 21st.

CoreWeave Stock Performance

Shares of CRWV opened at $88.30 on Wednesday. The firm has a market cap of $34.12 billion and a price-to-earnings ratio of -60.90. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. The business’s 50 day moving average is $109.87 and its two-hundred day moving average is $120.45. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. The firm’s quarterly revenue was up 133.7% on a year-over-year basis. During the same quarter last year, the firm posted ($1.82) EPS.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the completion of the sale, the insider owned 363,631 shares of the company’s stock, valued at $45,672,053.60. This represents a 79.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 30,259,275 shares of company stock valued at $3,948,619,405.

Hedge Funds Weigh In On CoreWeave

Institutional investors have recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC lifted its holdings in shares of 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 purchasing an additional 125 shares during the last quarter. HighMark Wealth Management LLC acquired a new stake in CoreWeave in the third quarter worth $27,000. OLD Second National Bank of Aurora bought a new stake in CoreWeave in the third quarter valued at $27,000. KERR FINANCIAL PLANNING Corp bought a new stake in CoreWeave in the third quarter valued at $27,000. Finally, Princeton Global Asset Management LLC acquired a new position in shares of CoreWeave during the third quarter valued at $28,000.

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.