Core Scientific (NASDAQ:CORZ) Given “Buy” Rating at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH reissued their buy rating on shares of Core Scientific (NASDAQ:CORZ) in a research note released on Tuesday, Marketbeat.com reports. The brokerage currently has a $14.50 price target on the stock.

CORZ has been the subject of several other reports. HC Wainwright lifted their target price on shares of Core Scientific from $5.00 to $11.00 and gave the company a buy rating in a report on Tuesday, June 25th. BTIG Research lifted their price objective on shares of Core Scientific from $10.00 to $15.00 and gave the company a buy rating in a report on Wednesday, June 26th.

Core Scientific Trading Up 4.2 %

NASDAQ CORZ opened at $10.26 on Tuesday. The stock has a 50-day simple moving average of $6.03 and a two-hundred day simple moving average of $3.94. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $10.70.

Core Scientific (NASDAQ:CORZ) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.14. The company had revenue of $179.29 million for the quarter, compared to analysts’ expectations of $139.60 million. On average, research analysts anticipate that Core Scientific will post -0.8 earnings per share for the current year.

Insider Transactions at Core Scientific

In related news, insider Todd M. Duchene sold 7,321 shares of Core Scientific stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $9.39, for a total value of $68,744.19. Following the sale, the insider now owns 359,877 shares of the company’s stock, valued at approximately $3,379,245.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Todd M. Duchene sold 7,321 shares of the firm’s 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 transaction, the insider now directly owns 359,877 shares of the company’s stock, valued at approximately $3,379,245.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Todd M. Duchene sold 3,770 shares of Core Scientific stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $9.99, for a total value of $37,662.30. Following the completion of the sale, the insider now owns 393,428 shares in the company, valued at $3,930,345.72. The disclosure for this sale can be found here.

Institutional Trading of Core Scientific

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