Core Scientific (NASDAQ:CORZ) Coverage Initiated by Analysts at Roth Mkm

Roth Mkm began coverage on shares of Core Scientific (NASDAQ:CORZ) in a research note released on Friday, MarketBeat.com reports. The brokerage issued a buy rating and a $25.50 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $20.00 price objective on shares of Core Scientific in a report on Thursday, October 3rd. Canaccord Genuity Group started coverage on shares of Core Scientific in a report on Monday, September 23rd. They issued a “buy” rating and a $16.00 price objective for the company. Needham & Company LLC upped their price objective on shares of Core Scientific from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. B. Riley upped their price objective on shares of Core Scientific from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Finally, Compass Point boosted their target price on shares of Core Scientific from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Core Scientific currently has an average rating of “Buy” and an average price target of $18.38.

Core Scientific Trading Up 2.5 %

NASDAQ:CORZ traded up $0.39 during trading hours on Friday, hitting $15.83. 7,901,672 shares of the stock traded hands, compared to its average volume of 8,891,639. The firm has a 50 day moving average price of $12.86 and a 200 day moving average price of $9.76. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $18.03. The firm has a market cap of $4.42 billion and a price-to-earnings ratio of -2.93.

Insider Activity

In other Core Scientific news, Director Jarrod M. Patten acquired 5,021 shares of Core Scientific stock in a transaction on Tuesday, September 3rd. The shares were purchased at an average cost of $9.68 per share, with a total value of $48,603.28. Following the completion of the purchase, the director now owns 285,760 shares in the company, valued at $2,766,156.80. The trade was a 1.79 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have purchased 12,761 shares of company stock valued at $127,080 over the last three months. 32.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Core Scientific

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. P Schoenfeld Asset Management LP acquired a new stake in Core Scientific in the second quarter worth $4,185,000. Vanguard Group Inc. acquired a new stake in Core Scientific in the first quarter worth $21,973,000. Blair William & Co. IL acquired a new stake in Core Scientific in the first quarter worth $1,156,000. Van ECK Associates Corp raised its holdings in Core Scientific by 22.9% in the third quarter. Van ECK Associates Corp now owns 1,616,944 shares of the company’s stock worth $19,177,000 after purchasing an additional 300,942 shares during the period. Finally, DeepCurrents Investment Group LLC raised its holdings in Core Scientific by 157.7% in the second quarter. DeepCurrents Investment Group LLC now owns 255,162 shares of the company’s stock worth $2,373,000 after purchasing an additional 156,162 shares during the period.

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.