Core Scientific (NASDAQ:CORZ) Price Target Raised to $15.00

Core Scientific (NASDAQ:CORZGet Free Report) had its price objective lifted by stock analysts at HC Wainwright from $11.00 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. HC Wainwright’s price target indicates a potential upside of 56.90% from the company’s previous close.

CORZ has been the topic of several other research reports. Sanford C. Bernstein started coverage on Core Scientific in a research note on Wednesday. They issued an “outperform” rating and a $17.00 target price on the stock. LADENBURG THALM/SH SH restated a “buy” rating and set a $14.50 price target on shares of Core Scientific in a research note on Tuesday, July 2nd. Finally, BTIG Research boosted their price target on Core Scientific from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $14.00.

Get Our Latest Analysis on Core Scientific

Core Scientific Trading Down 7.7 %

NASDAQ:CORZ opened at $9.56 on Wednesday. Core Scientific has a twelve month low of $2.61 and a twelve month high of $11.00. The stock has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $4.26.

Core Scientific (NASDAQ:CORZGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The firm had revenue of $179.29 million for the quarter, compared to analysts’ expectations of $139.60 million. Research analysts forecast that Core Scientific will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Core Scientific

In other Core Scientific news, insider Todd M. Duchene sold 3,770 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $9.99, for a total value of $37,662.30. Following the completion of the transaction, the insider now directly owns 393,428 shares of the company’s stock, valued at $3,930,345.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Todd M. Duchene sold 3,770 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $9.99, for a total transaction of $37,662.30. Following the completion of the transaction, the insider now directly owns 393,428 shares of the company’s stock, valued at approximately $3,930,345.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Todd M. Duchene sold 7,321 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $9.39, for a total value of $68,744.19. Following the transaction, the insider now directly owns 359,877 shares of the company’s stock, valued at $3,379,245.03. The disclosure for this sale can be found here.

Institutional Trading of Core Scientific

Several large investors have recently made changes to their positions in the company. Barings LLC purchased a new stake in shares of Core Scientific during the first quarter worth approximately $36,515,000. Vanguard Group Inc. purchased a new stake in shares of Core Scientific during the first quarter worth approximately $21,973,000. Kensico Capital Management Corp acquired a new stake in shares of Core Scientific in the 1st quarter worth $18,513,000. Vident Advisory LLC acquired a new stake in shares of Core Scientific in the 1st quarter worth $4,047,000. Finally, Blair William & Co. IL acquired a new stake in shares of Core Scientific in the 1st quarter worth $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.

Featured Stories

Receive News & Ratings for Core Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Scientific and related companies with MarketBeat.com's FREE daily email newsletter.