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

Core Scientific (NASDAQ:CORZ) had its price objective lifted by BTIG Research from $10.00 to $15.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, HC Wainwright boosted their price objective on Core Scientific from $5.00 to $11.00 and gave the stock a buy rating in a research note on Tuesday.

Core Scientific Stock Up 7.3 %

Shares of CORZ stock opened at $9.95 on Wednesday. Core Scientific has a 12-month low of $2.61 and a 12-month high of $10.70. The stock’s 50-day moving average price is $5.51 and its 200-day moving average price is $3.66.

Core Scientific (NASDAQ:CORZ) last issued its earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.14. The firm had revenue of $179.29 million during the quarter, compared to the consensus estimate of $139.60 million. Equities research analysts predict that Core Scientific will post -0.17 earnings per share for the current year.

Insiders Place Their Bets

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 transaction of $37,662.30. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Aspect Partners LLC bought a new position in shares of Core Scientific during the first quarter valued at approximately $29,000. Hexagon Capital Partners LLC bought a new position in shares of Core Scientific during the first quarter valued at approximately $34,000. Lindbrook Capital LLC bought a new position in shares of Core Scientific during the first quarter valued at approximately $65,000. Fiduciary Alliance LLC purchased a new stake in shares of Core Scientific in the first quarter valued at approximately $84,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Core Scientific in the first quarter valued at approximately $122,000.

Core Scientific Company Profile

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.