Core Scientific’s (CORZ) “Buy” Rating Reaffirmed at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH reaffirmed their buy rating on shares of Core Scientific (NASDAQ:CORZ) in a research report report published on Tuesday morning, MarketBeat reports. LADENBURG THALM/SH SH currently has a $14.50 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. BTIG Research boosted their price objective on shares of Core Scientific from $10.00 to $15.00 and gave the company a buy rating in a research note on Wednesday, June 26th. HC Wainwright boosted their price target 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.

Core Scientific Stock Performance

Shares of CORZ stock opened at $10.26 on Tuesday. The firm’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) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 earnings per share 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 in the company, valued at $3,930,345.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 sale, the insider now owns 393,428 shares in the company, valued at approximately $3,930,345.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Todd M. Duchene sold 7,321 shares of the 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 in the company, valued at $3,379,245.03. The disclosure for this sale can be found here.

Institutional Trading of Core Scientific

Several institutional investors have recently added to or reduced their stakes in CORZ. Aspect Partners LLC bought a new stake in shares of Core Scientific in the 1st quarter valued at about $29,000. Hexagon Capital Partners LLC purchased a new position in Core Scientific in the 1st quarter worth approximately $34,000. Lindbrook Capital LLC bought a new stake in Core Scientific in the first quarter valued at approximately $65,000. Fiduciary Alliance LLC purchased a new stake in shares of Core Scientific during the first quarter valued at approximately $84,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Core Scientific in the first quarter worth approximately $122,000.

About Core Scientific

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.