Core Scientific, Inc. (NASDAQ:CORZ - Free Report) - Research analysts at HC Wainwright upped their Q4 2024 earnings estimates for shares of Core Scientific in a research report issued on Thursday, November 7th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of ($0.12) per share for the quarter, up from their prior estimate of ($0.16). HC Wainwright currently has a "Buy" rating and a $17.00 target price on the stock. The consensus estimate for Core Scientific's current full-year earnings is $0.76 per share. HC Wainwright also issued estimates for Core Scientific's FY2025 earnings at ($0.29) EPS.
A number of other research analysts also recently issued reports on CORZ. Cantor Fitzgerald reissued an "overweight" rating and issued a $20.00 price objective on shares of Core Scientific in a research note on Thursday, October 3rd. Macquarie assumed coverage on Core Scientific in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $16.00 price target on the stock. Needham & Company LLC increased their price target on Core Scientific from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday. Canaccord Genuity Group initiated coverage on shares of Core Scientific in a research note on Monday, September 23rd. They issued a "buy" rating and a $16.00 price objective for the company. Finally, Jefferies Financial Group initiated coverage on shares of Core Scientific in a research note on Monday, October 28th. They set a "buy" rating and a $19.00 target price on the stock. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $17.21.
Check Out Our Latest Analysis on Core Scientific
Core Scientific Trading Up 3.0 %
CORZ stock traded up $0.51 during midday trading on Monday, hitting $17.47. The stock had a trading volume of 16,447,703 shares, compared to its average volume of 8,902,521. The firm has a market cap of $4.88 billion and a P/E ratio of -3.23. The business has a fifty day moving average price of $12.34 and a two-hundred day moving average price of $9.48. Core Scientific has a 1-year low of $2.61 and a 1-year high of $18.03.
Institutional Trading of Core Scientific
Hedge funds have recently bought and sold shares of the business. Concurrent Investment Advisors LLC purchased a new stake in shares of Core Scientific during the 1st quarter valued at $417,000. Barings LLC purchased a new stake in Core Scientific during the first quarter worth about $36,515,000. Blair William & Co. IL bought a new stake in Core Scientific in the first quarter worth about $1,156,000. Dorsey & Whitney Trust CO LLC purchased a new position in Core Scientific in the first quarter valued at about $122,000. Finally, Vanguard Group Inc. bought a new position in shares of Core Scientific during the 1st quarter valued at approximately $21,973,000.
Insider Activity at Core Scientific
In related news, insider Todd M. Duchene sold 11,582 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $9.41, for a total transaction of $108,986.62. Following the completion of the sale, the insider now owns 1,686,474 shares in the company, valued at approximately $15,869,720.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Todd M. Duchene sold 11,582 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $9.41, for a total transaction of $108,986.62. Following the transaction, the insider now directly owns 1,686,474 shares of the company's stock, valued at $15,869,720.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Denise Marie Brucia Sterling sold 8,752 shares of the company's stock in a transaction dated Friday, August 16th. The stock was 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 of the company's stock, valued at $1,150,061.97. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 12,761 shares of company stock valued at $127,080. 32.00% of the stock is owned by corporate insiders.
About Core Scientific
(
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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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