CoreWeave (NASDAQ:CRWV) Coverage Initiated at HC Wainwright

Investment analysts at HC Wainwright assumed coverage on shares of CoreWeave (NASDAQ:CRWV) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a “neutral” rating on the stock.

Several other equities analysts have also weighed in on CRWV. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of CoreWeave in a research report on Thursday, May 15th. Mizuho lifted their price target on shares of CoreWeave from $46.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Arete Research raised shares of CoreWeave to a “hold” rating in a research report on Thursday, June 5th. Wells Fargo & Company lifted their price target on shares of CoreWeave from $50.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CoreWeave from $43.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $65.00.

CoreWeave Stock Performance

Shares of CRWV opened at $158.08 on Wednesday. The company’s 50 day simple moving average is $101.90. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Institutional Investors Weigh In On CoreWeave

A hedge fund recently bought a new stake in CoreWeave stock. Gamco Investors INC. ET AL acquired a new position in CoreWeave Inc. (NASDAQ:CRWV) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,575 shares of the company’s stock, valued at approximately $318,000.

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.