Core Scientific (NASDAQ:CORZ) Upgraded at Roth Capital

Roth Capital upgraded shares of Core Scientific (NASDAQ:CORZ) to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. HC Wainwright upped their price target on Core Scientific from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $20.00 target price on shares of Core Scientific in a research note on Thursday, October 3rd. Canaccord Genuity Group started coverage on shares of Core Scientific in a research note on Monday, September 23rd. They issued a “buy” rating and a $16.00 price target on the stock. BTIG Research increased their price objective on shares of Core Scientific from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Roth Mkm started coverage on Core Scientific in a research report on Friday. They issued a “buy” rating and a $25.50 target price on the stock. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Core Scientific presently has an average rating of “Buy” and a consensus target price of $18.38.

Core Scientific Stock Performance

CORZ opened at $15.83 on Thursday. The stock has a market capitalization of $4.42 billion and a PE ratio of -2.93. Core Scientific has a one year low of $2.61 and a one year high of $18.03. The business’s 50 day moving average price is $12.99 and its 200 day moving average price is $9.84.

Insider Activity

In other news, Director Jarrod M. Patten bought 5,021 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $9.68 per share, for a total transaction of $48,603.28. Following the completion of the purchase, the director now owns 285,760 shares in the company, valued at approximately $2,766,156.80. This trade represents a 1.79 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 12,761 shares of company stock worth $127,080. 32.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Core Scientific

Several institutional investors have recently added to or reduced their stakes in CORZ. Banque Cantonale Vaudoise purchased a new position in shares of Core Scientific in the 2nd quarter valued at $28,000. Sunbelt Securities Inc. purchased a new position in shares of Core Scientific during the second quarter worth about $33,000. Rise Advisors LLC acquired a new stake in shares of Core Scientific during the second quarter worth about $65,000. Aspect Partners LLC purchased a new stake in shares of Core Scientific in the 1st quarter valued at about $29,000. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Core Scientific in the 2nd quarter valued at about $93,000.

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.