Core Scientific’s (CORZ) Buy Rating Reiterated at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH reiterated their buy rating on shares of Core Scientific (NASDAQ:CORZ) in a research note published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a $14.50 price objective on the stock.

Other analysts also recently issued reports about the stock. BTIG Research increased their price target on shares of Core Scientific from $10.00 to $15.00 and gave the stock a buy rating in a report on Wednesday, June 26th. HC Wainwright increased their price objective 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.

Core Scientific Price Performance

Shares of NASDAQ CORZ opened at $10.12 on Tuesday. The company’s fifty day moving average price is $6.30 and its 200 day moving average price is $4.03. Core Scientific has a 1 year low of $2.61 and a 1 year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.14. The firm had revenue of $179.29 million for the quarter, compared to analysts’ expectations of $139.60 million. As a group, analysts anticipate that Core Scientific will post -0.8 earnings per share for the current year.

Insider Buying and Selling at Core Scientific

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

Institutional Investors Weigh In On Core Scientific

A number of hedge funds have recently modified their holdings of CORZ. Aspect Partners LLC acquired a new stake in shares of Core Scientific in the first quarter valued at about $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 Core Scientific during the first quarter worth about $65,000. Fiduciary Alliance LLC acquired a new stake in Core Scientific during the first quarter worth about $84,000. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in Core Scientific during the first quarter worth 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.