Core Scientific (NASDAQ:CORZ) Rating Reiterated by LADENBURG THALM/SH SH

Core Scientific (NASDAQ:CORZ)‘s stock had its “buy” rating reaffirmed by equities research analysts at LADENBURG THALM/SH SH in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a $14.50 price objective on the stock. LADENBURG THALM/SH SH’s price target indicates a potential upside of 43.28% from the stock’s previous close.

Several other equities analysts also recently commented on CORZ. HC Wainwright upped their price objective on shares of Core Scientific from $5.00 to $11.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. BTIG Research upped their price target on Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th.

Core Scientific Stock Performance

CORZ opened at $10.12 on Tuesday. The stock’s 50 day simple moving average is $6.17 and its 200 day simple moving average is $3.98. Core Scientific has a 1 year low of $2.61 and a 1 year high of $10.70.

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. Analysts expect that Core Scientific will post -0.8 EPS for the current fiscal year.

Insider Transactions at Core Scientific

In related news, insider Todd M. Duchene sold 7,321 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $9.39, for a total value of $68,744.19. Following the completion of the transaction, the insider now directly owns 359,877 shares of the company’s stock, valued at $3,379,245.03. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Core Scientific news, insider Todd M. Duchene sold 3,770 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now 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 accessible through this link. Also, insider Todd M. Duchene sold 7,321 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $9.39, for a total transaction of $68,744.19. Following the completion of the sale, the insider now directly owns 359,877 shares in the company, valued at $3,379,245.03. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares 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 Core Scientific during the 1st quarter valued at approximately $34,000. Lindbrook Capital LLC purchased a new position in Core Scientific during the first quarter valued at $65,000. Fiduciary Alliance LLC bought a new stake in Core Scientific in the first quarter worth $84,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Core Scientific in the first quarter worth $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.