Core Scientific, Inc. (NASDAQ:CORZ – Get Free Report) CFO Denise Marie Brucia Sterling sold 8,752 shares of Core Scientific stock in a transaction on Friday, August 16th. The shares were sold at an average price of $9.41, for a total transaction of $82,356.32. Following the completion of the sale, the chief financial officer now directly owns 122,217 shares in the company, valued at approximately $1,150,061.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Core Scientific Stock Up 3.0 %
Shares of NASDAQ CORZ traded up $0.30 during trading on Monday, hitting $10.39. 10,578,862 shares of the company were exchanged, compared to its average volume of 8,172,049. The company has a fifty day moving average price of $9.72 and a 200-day moving average price of $5.84. Core Scientific, Inc. has a 12-month low of $2.61 and a 12-month high of $12.25.
Core Scientific (NASDAQ:CORZ – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($4.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The company had revenue of $141.10 million during the quarter, compared to analysts’ expectations of $128.58 million. The business’s revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts anticipate that Core Scientific, Inc. will post 0.51 earnings per share for the current year.
Institutional Trading of Core Scientific
Analysts Set New Price Targets
Several brokerages have recently issued reports on CORZ. HC Wainwright lifted their target price on shares of Core Scientific from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Sanford C. Bernstein initiated coverage on Core Scientific in a research note on Wednesday, July 10th. They issued an “outperform” rating and a $17.00 price target on the stock. BTIG Research increased their price objective on Core Scientific from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, June 26th. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $14.50 target price on shares of Core Scientific in a report on Tuesday, July 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 target price on shares of Core Scientific in a research report on Thursday, August 8th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $14.71.
Get Our Latest Stock Report on CORZ
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.
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