Core Scientific (NASDAQ:CORZ) Research Coverage Started at Roth Mkm

Roth Mkm assumed coverage on shares of Core Scientific (NASDAQ:CORZ) in a report published on Friday, Marketbeat reports. The firm issued a buy rating and a $25.50 price target on the stock.

Several other research analysts also recently issued reports on the company. Needham & Company LLC upped their price objective on Core Scientific from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Compass Point raised their price target on shares of Core Scientific from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. B. Riley increased their price objective on Core Scientific from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, November 7th. HC Wainwright lifted their target price on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Canaccord Genuity Group assumed coverage on Core Scientific in a research note on Monday, September 23rd. They issued a “buy” rating and a $16.00 price target for the company. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $18.38.

Core Scientific Stock Up 2.5 %

Shares of CORZ stock opened at $15.83 on Friday. The firm has a market capitalization of $4.42 billion and a P/E ratio of -2.93. Core Scientific has a twelve month low of $2.61 and a twelve month high of $18.03. The stock’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $9.89.

Insider Buying and Selling at Core Scientific

In related news, Director Jarrod M. Patten purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average cost of $9.70 per share, with a total value of $38,800.00. Following the completion of the purchase, the director now owns 279,239 shares in the company, valued at approximately $2,708,618.30. This trade represents a 1.45 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have acquired 12,761 shares of company stock valued at $127,080. 32.00% of the stock is currently owned by company insiders.

Institutional Trading of Core Scientific

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Core Scientific by 26.7% during the 3rd quarter. Geode Capital Management LLC now owns 5,276,573 shares of the company’s stock worth $62,594,000 after buying an additional 1,113,285 shares during the period. Sender Co & Partners Inc. bought a new stake in shares of Core Scientific during the third quarter valued at approximately $2,426,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Core Scientific during the third quarter worth approximately $1,459,000. Anson Funds Management LP bought a new position in shares of Core Scientific in the 3rd quarter worth $3,641,000. Finally, Main Management ETF Advisors LLC bought a new position in shares of Core Scientific in the 3rd quarter worth $1,068,000.

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.