1 week Ago By ABMN Staff
Core Scientific, Inc. ( NASDAQ:CORZ – Free Report ) – Research analysts at B. Riley increased their FY2025 earnings estimates for shares of Core Scientific in a research note issued to investors on Wednesday, December 18th.
B. Riley analyst L. Pipes now expects that the company will earn ($0.
10) per share for the year, up from their previous forecast of ($0.18). B.
Riley has a “Buy” rating and a $17.00 price target on the stock. The consensus estimate for Core Scientific’s current full-year earnings is $0.
50 per share. B. Riley also issued estimates for Core Scientific’s FY2026 earnings at $0.
11 EPS. Other equities analysts have also issued research reports about the company. Canaccord Genuity Group reissued a “buy” rating and set a $17.
00 price target on shares of Core Scientific in a report on Thursday, November 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 target price on shares of Core Scientific in a research note on Thursday, October 3rd.
Needham & Company LLC upped their price target on Core Scientific from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th.
Compass Point lifted their price objective on shares of Core Scientific from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd.
Finally, Roth Mkm began coverage on shares of Core Scientific in a research report on Friday, November 15th. They set a “buy” rating and a $25.50 price objective for the company.
Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $18.46.
Core Scientific Stock Performance NASDAQ CORZ opened at $14.05 on Monday. The firm’s fifty day moving average is $15.
38 and its two-hundred day moving average is $12.13. Core Scientific has a one year low of $2.
61 and a one year high of $18.63. The firm has a market cap of $3.
92 billion and a PE ratio of -2.60. Insiders Place Their Bets In other news, insider Todd M.
Duchene sold 25,000 shares of Core Scientific stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $17.10, for a total transaction of $427,500.
00. Following the completion of the transaction, the insider now owns 1,661,474 shares of the company’s stock, valued at $28,411,205.40.
The trade was a 1.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink .
Also, Director Yadin Rozov sold 105,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were 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 directly owns 345,239 shares in the company, valued at approximately $6,252,278.29.
The trade was a 23.32 % decrease in their ownership of the stock. 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 A number of large investors have recently made changes to their positions in the stock.
ORG Wealth Partners LLC purchased a new position in Core Scientific in the 3rd quarter valued at about $106,266,000. Rush Island Management LP acquired a new position in shares of Core Scientific in the third quarter valued at approximately $32,221,000. Taconic Capital Advisors LP lifted its stake in shares of Core Scientific by 178.
7% during the third quarter. Taconic Capital Advisors LP now owns 2,717,462 shares of the company’s stock valued at $32,229,000 after buying an additional 1,742,462 shares during the period. Mirabella Financial Services LLP acquired a new stake in Core Scientific during the third quarter worth approximately $18,383,000.
Finally, Van ECK Associates Corp purchased a new stake in Core Scientific in the 2nd quarter worth approximately $12,239,000. Core Scientific Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Core Scientific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Scientific and related companies with MarketBeat.
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