Core Scientific (NASDAQ:CORZ) Price Target Raised to $10.00 at BTIG Research

Core Scientific (NASDAQ:CORZFree Report) had its price target upped by BTIG Research from $8.00 to $10.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright restated a buy rating and set a $5.00 target price on shares of Core Scientific in a research note on Wednesday, March 13th.

View Our Latest Stock Analysis on CORZ

Core Scientific Trading Up 9.8 %

Shares of CORZ opened at $7.85 on Thursday. Core Scientific has a 52 week low of $2.61 and a 52 week high of $8.36. The firm’s 50-day simple moving average is $3.85 and its 200 day simple moving average is $2.81.

Core Scientific (NASDAQ:CORZGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $179.29 million during the quarter, compared to the consensus estimate of $139.60 million. On average, equities analysts forecast that Core Scientific will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Core Scientific

In other Core Scientific news, CEO Adam Taylor Sullivan bought 65,300 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $3.06 per share, for a total transaction of $199,818.00. Following the transaction, the chief executive officer now directly owns 93,753 shares in the company, valued at $286,884.18. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Eric Stanton Weiss bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $3.03 per share, for a total transaction of $45,450.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at $45,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Taylor Sullivan acquired 65,300 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $3.06 per share, for a total transaction of $199,818.00. Following the completion of the purchase, the chief executive officer now directly owns 93,753 shares in the company, valued at $286,884.18. The disclosure for this purchase can be found here. Corporate insiders own 32.00% of the company’s stock.

Institutional Investors Weigh In On Core Scientific

Large investors have recently added to or reduced their stakes in the business. Barings LLC bought a new position in shares of Core Scientific during the 1st quarter worth approximately $36,515,000. Vanguard Group Inc. acquired a new position in shares of Core Scientific during the 1st quarter valued at $21,973,000. Kensico Capital Management Corp bought a new position in Core Scientific during the first quarter worth $18,513,000. Vident Advisory LLC acquired a new stake in Core Scientific in the first quarter worth $4,047,000. Finally, Blair William & Co. IL bought a new stake in Core Scientific in the first quarter valued at $1,156,000.

Core Scientific Company Profile

(Get Free Report)

Core Scientific, Inc provides digital asset mining services in North America. It operates through two segments, Mining and Hosting. The company offers blockchain infrastructure, software solutions, and services; and operates data center mining facilities. It also mines digital assets for its own account; and provides hosting services for other large bitcoin miners, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment.

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