Roth Capital Forecasts Stronger Earnings for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ) – Equities research analysts at Roth Capital increased their FY2027 earnings estimates for Core Scientific in a research report issued on Monday, December 16th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings of $0.95 per share for the year, up from their prior forecast of $0.88. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.50 per share. Roth Capital also issued estimates for Core Scientific’s FY2028 earnings at $2.49 EPS.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC upped their price target on shares of Core Scientific from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. B. Riley upped their target price on Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. BTIG Research raised their price target on Core Scientific from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group began 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. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $17.00 price objective on shares of Core Scientific in a report on Tuesday, September 10th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Core Scientific currently has a consensus rating of “Buy” and an average price target of $18.46.

Core Scientific Price Performance

NASDAQ:CORZ opened at $14.45 on Tuesday. The stock has a market cap of $4.04 billion and a PE ratio of -2.67. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $18.63. The stock’s 50-day moving average is $15.24 and its two-hundred day moving average is $11.91.

Insider Activity at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total value of $427,500.00. Following the completion of the sale, the insider now directly owns 1,661,474 shares of the company’s stock, valued at approximately $28,411,205.40. This represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yadin Rozov sold 105,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total transaction of $1,901,550.00. Following the completion of the sale, the director now owns 345,239 shares in the company, valued at approximately $6,252,278.29. The trade was a 23.32 % decrease in their position. The disclosure for this sale can be found here. 32.00% of the stock is currently owned by company insiders.

Institutional Trading of Core Scientific

Hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise acquired a new position in shares of Core Scientific during the second quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new position in Core Scientific in the 2nd quarter valued at approximately $33,000. Rise Advisors LLC lifted its position in shares of Core Scientific by 14.3% in the 3rd quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock worth $95,000 after acquiring an additional 1,000 shares during the period. Divisadero Street Capital Management LP bought a new stake in shares of Core Scientific in the 2nd quarter worth approximately $93,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Core Scientific during the 3rd quarter worth approximately $119,000.

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.