Core Scientific (NASDAQ:CORZ) Given New $25.00 Price Target at Keefe, Bruyette & Woods

Core Scientific (NASDAQ:CORZ) had its price objective hoisted by Keefe, Bruyette & Woods from $19.00 to $25.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on CORZ. Weiss Ratings restated a “sell (d-)” rating on shares of Core Scientific in a research report on Wednesday, January 21st. HC Wainwright upgraded Core Scientific from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, October 28th. Macquarie upgraded Core Scientific from a “hold” rating to an “outperform” rating and raised their price target for the company from $18.00 to $34.00 in a report on Friday, October 31st. Sanford C. Bernstein boosted their price objective on Core Scientific from $17.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, UBS Group set a $30.00 target price on shares of Core Scientific in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.69.

Core Scientific Stock Up 4.7%

Shares of NASDAQ:CORZ opened at $19.94 on Tuesday. The firm has a market cap of $6.18 billion, a P/E ratio of 132.94 and a beta of 6.87. Core Scientific has a 12 month low of $6.20 and a 12 month high of $23.63. The company’s 50-day moving average price is $16.54 and its two-hundred day moving average price is $16.31.

Insider Activity

In related news, Director Eric Stanton Weiss bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $21.50 per share, for a total transaction of $107,500.00. Following the transaction, the director owned 226,687 shares of the company’s stock, valued at $4,873,770.50. This represents a 2.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Core Scientific

Several large investors have recently bought and sold shares of CORZ. Allworth Financial LP boosted its position in shares of Core Scientific by 206.5% during the third quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock worth $25,000 after purchasing an additional 950 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of Core Scientific by 96.5% in the 2nd quarter. HHM Wealth Advisors LLC now owns 1,926 shares of the company’s stock valued at $33,000 after buying an additional 946 shares in the last quarter. Osaic Holdings Inc. raised its stake in Core Scientific by 112.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,017 shares of the company’s stock worth $34,000 after buying an additional 1,066 shares during the period. Advisors Asset Management Inc. raised its stake in Core Scientific by 68.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,690 shares of the company’s stock worth $46,000 after buying an additional 1,092 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in Core Scientific during the second quarter worth about $51,000.

About Core Scientific

Core Scientific, Inc (NASDAQ: CORZ) is a leading provider of large-scale blockchain infrastructure and digital asset mining services. The company develops, owns and operates high-performance data centers optimized for the mining of Bitcoin and other proof-of-work cryptocurrencies. In addition to its core mining operations, Core Scientific offers colocation, hosting and managed services designed to support institutional clients and enterprise users in deploying and scaling blockchain nodes and computing hardware.

Core Scientific’s service portfolio includes hardware procurement, deployment and maintenance, real-time monitoring, power management and network connectivity.