HC Wainwright Weighs in on Core Scientific, Inc.’s FY2025 Earnings (NASDAQ:CORZ)

Core Scientific, Inc. (NASDAQ:CORZ) – Equities researchers at HC Wainwright issued their FY2025 earnings estimates for shares of Core Scientific in a research note issued on Tuesday, June 25th. HC Wainwright analyst K. Dede expects that the company will post earnings of $0.15 per share for the year. HC Wainwright has a “Buy” rating and a $11.00 price objective on the stock. The consensus estimate for Core Scientific’s current full-year earnings is ($0.17) per share.

Separately, BTIG Research boosted their target price on shares of Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday.

Core Scientific Trading Up 7.3 %

CORZ opened at $9.95 on Wednesday. The firm has a fifty day moving average price of $5.51 and a 200 day moving average price of $3.66. Core Scientific has a 1 year low of $2.61 and a 1 year high of $10.70.

Core Scientific (NASDAQ:CORZ) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.05 by $0.14. The business had revenue of $179.29 million for the quarter, compared to analyst estimates of $139.60 million.

Insider Activity at Core Scientific

In related news, insider Todd M. Duchene sold 3,770 shares of the business’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 in the company, valued at approximately $3,930,345.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 32.00% of the company’s stock.

Hedge Funds Weigh In On Core Scientific

A number of large investors have recently added to or reduced their stakes in the stock. Aspect Partners LLC acquired a new position in Core Scientific during the first quarter worth $29,000. Hexagon Capital Partners LLC purchased a new stake in shares of Core Scientific during the first quarter worth $34,000. Lindbrook Capital LLC purchased a new stake in shares of Core Scientific during the first quarter worth $65,000. Fiduciary Alliance LLC purchased a new stake in shares of Core Scientific during the first quarter worth $84,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Core Scientific during the first quarter worth $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.