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

Core Scientific, Inc. (NASDAQ:CORZ) – HC Wainwright cut their FY2025 earnings estimates for Core Scientific in a research report issued on Wednesday, July 10th. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of $0.09 per share for the year, down from their prior forecast of $0.15. HC Wainwright has a “Buy” rating and a $15.00 price objective on the stock. The consensus estimate for Core Scientific’s current full-year earnings is ($0.07) per share.

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 the consensus estimate of $0.05 by $0.14. The business had revenue of $179.29 million during the quarter, compared to analyst estimates of $139.60 million.

CORZ has been the topic of a number of other research reports. Sanford C. Bernstein initiated coverage on Core Scientific in a report on Wednesday. They set an “outperform” rating and a $17.00 price objective on the stock. LADENBURG THALM/SH SH reiterated a “buy” rating and set a $14.50 price target on shares of Core Scientific in a report on Tuesday, July 2nd. Finally, BTIG Research boosted their price objective on shares of Core Scientific from $10.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, June 26th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $14.00.

Core Scientific Stock Performance

NASDAQ CORZ opened at $10.10 on Thursday. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $11.00. The stock’s 50-day moving average is $7.11 and its two-hundred day moving average is $4.40.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new stake in Core Scientific during the second quarter valued at approximately $65,000. Aspect Partners LLC acquired a new stake in Core Scientific in the 1st quarter valued at $29,000. Hexagon Capital Partners LLC bought a new stake in Core Scientific in the first quarter valued at $34,000. Lindbrook Capital LLC acquired a new position in Core Scientific during the first quarter worth $65,000. Finally, Fiduciary Alliance LLC bought a new position in shares of Core Scientific during the first quarter valued at $84,000.

Insider Buying and Selling at Core Scientific

In related news, insider Todd M. Duchene sold 7,321 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 359,877 shares in the company, valued at approximately $3,379,245.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Todd M. Duchene sold 7,321 shares of Core Scientific 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 sale, 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 document filed with the SEC, which can be accessed through this link. Also, insider Todd M. Duchene sold 3,770 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $3,930,345.72. The disclosure for this sale can be found here. Insiders own 32.00% of the company’s stock.

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.