Core Scientific: Buy Recommendation and Recent Analyst CoverageCore Scientific: Buy Recommendation and Recent Analyst Coverage LADENBURG THALM/SH SH has maintained a “buy” recommendation for Core Scientific (CORZ). The research firm has a price target of $14.50 for the stock. Other analysts have also issued favorable ratings: * BTIG Research raised their price objective from $10.00 to $15.00, maintaining a “buy” rating. * HC Wainwright raised their price objective from $5.00 to $11.00, also with a “buy” rating. Financial Performance Core Scientific reported $0.19 earnings per share (EPS) for the first quarter, exceeding analysts’ estimates by $0.14. Revenue reached $179.29 million, surpassing the consensus estimate by $39.69 million. For the current year, analysts predict an EPS of -0.8. Key Performance Indicators * Shares opened at $10.26 on Tuesday. * 50-day moving average: $6.03 * 200-day moving average: $3.94 * 12-month low: $2.61 * 12-month high: $10.70 Insider Trading Insider Todd M. Duchene has sold shares of the company on multiple occasions in June. Institutional Investment Several institutional investors have increased their holdings in Core Scientific: * Aspect Partners LLC * Hexagon Capital Partners LLC * Lindbrook Capital LLC * Fiduciary Alliance LLC * Dorsey & Whitney Trust CO LLC Company Overview Core Scientific provides digital asset mining services in North America, offering blockchain infrastructure, software solutions, and data center mining facilities. The company mines digital assets on its own behalf and provides hosting services for other bitcoin miners. More Information Interested readers can sign up for MarketBeat.com’s daily email newsletter to receive news and analyst ratings on Core Scientific and related companies.
LADENBURG THALM/SH SH confirmed its buy recommendation for shares of Core Scientific (NASDAQ:CORZ – Free Report) in a research report published Tuesday morning, MarketBeat reports. LADENBURG THALM/SH SH currently has a price target on the stock of $14.50.
Other equities analysts have also recently issued research reports on the stock. BTIG Research raised their price objective on shares of Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. HC Wainwright raised their price objective on shares of Core Scientific from $5.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th.
Check out our latest report on Core Scientific
Key Performance of Science Equities
Shares of CORZ opened at $10.26 on Tuesday. The company’s 50-day moving average is $6.03 and its 200-day moving average is $3.94. Core Scientific has a 12-month low of $2.61 and a 12-month high of $10.70.
Core Scientific (NASDAQ:CORZ – Get Free Report) last released quarterly earnings results on Wednesday, May 8. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The company had revenue of $179.29 million for the quarter, compared to the consensus estimate of $139.60 million. On average, equities research analysts predict that Core Scientific will post -0.8 EPS for the current year.
Insider Buying and Selling at Core Scientific
In related news, insider Todd M. Duchene sold 3,770 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed at this hyperlink. In related news, insider Todd M. Duchene sold 3,770 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $9.99, for a total value of $37,662.30. Following the completion of the sale, the insider now owns 393,428 shares of the company’s stock, valued at approximately $3,930,345.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $9.39, for a total transaction of $68,744.19. Following the transaction, the insider now 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 from Core Scientific
Several institutional investors have recently added to or reduced their holdings in CORZ. Aspect Partners LLC purchased a new stake in shares of Core Scientific during the 1st quarter worth approximately $29,000. Hexagon Capital Partners LLC purchased a new position in Core Scientific during the 1st quarter worth approximately $34,000. Lindbrook Capital LLC purchased a new stake in Core Scientific during the first quarter worth approximately $65,000. Fiduciary Alliance LLC purchased a new stake in shares of Core Scientific during the first quarter worth approximately $84,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of Core Scientific during the first quarter worth approximately $122,000.
About Core Scientific
(Get free report)
Core Scientific, Inc. provides digital asset mining services in North America. The Company operates through two segments, Mining and Hosting. The Company provides blockchain infrastructure, software solutions, and services; and operates data center mining facilities. The Company also mines digital assets on its own behalf; and provides hosting services for other major bitcoin miners, including deployment, monitoring, troubleshooting, optimization, and maintenance of its customers’ digital asset mining equipment.
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