Core Scientific (NASDAQ:CORZ) Price Target Increased to $11.00 by Analysts at HC Wainwright

Core Scientific (NASDAQ:CORZ) had its target price increased by HC Wainwright from $5.00 to $11.00 in a report released on Tuesday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock.

Separately, BTIG Research raised their price objective on Core Scientific from $8.00 to $10.00 and gave the stock a buy rating in a report on Thursday, June 6th.

Core Scientific Stock Up 6.2 %

Shares of Core Scientific stock opened at $9.27 on Tuesday. The company has a 50-day moving average of $5.36 and a two-hundred day moving average of $3.62. Core Scientific has a 12-month low of $2.61 and a 12-month high of $10.70.

Core Scientific (NASDAQ:CORZ) last issued 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 company had revenue of $179.29 million during the quarter, compared to analysts’ expectations of $139.60 million. As a group, equities research analysts forecast that Core Scientific will post -0.17 earnings per share for the current year.

Insider Transactions at Core Scientific

In related news, insider Todd M. Duchene sold 3,770 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $9.99, for a total transaction of $37,662.30. Following the sale, the insider now directly owns 393,428 shares in the company, valued at approximately $3,930,345.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Aspect Partners LLC bought a new position in Core Scientific during the 1st quarter worth approximately $29,000. Hexagon Capital Partners LLC acquired a new position in shares of Core Scientific during the 1st quarter valued at $34,000. Lindbrook Capital LLC bought a new stake in Core Scientific in the first quarter worth about $65,000. Fiduciary Alliance LLC acquired a new stake in Core Scientific in the 1st quarter valued at about $84,000. Finally, Dorsey & Whitney Trust CO LLC bought a new position in shares of Core Scientific during the 1st quarter valued at about $122,000.

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.