Core Scientific (NASDAQ:CORZ) Price Target Raised to $19.00

Core Scientific (NASDAQ:CORZ) had its price target upped by Macquarie from $16.00 to $19.00 in a report issued on Thursday,Benzinga reports. Macquarie currently has an outperform rating on the stock.

CORZ has been the subject of several other research reports. Canaccord Genuity Group restated a “buy” rating and set a $17.00 price objective on shares of Core Scientific in a research report on Thursday, November 7th. HC Wainwright raised their price objective on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Needham & Company LLC boosted their target price on Core Scientific from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Cantor Fitzgerald restated an “overweight” rating and set a $20.00 price target on shares of Core Scientific in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $17.00 price objective on shares of Core Scientific in a research note on Tuesday, September 10th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $18.38.

Core Scientific Stock Performance

Shares of NASDAQ CORZ opened at $15.83 on Thursday. The stock’s 50-day simple moving average is $12.99 and its 200-day simple moving average is $9.84. The firm has a market capitalization of $4.42 billion and a PE ratio of -2.93. Core Scientific has a fifty-two week low of $2.61 and a fifty-two week high of $18.03.

Insider Transactions at Core Scientific

In other Core Scientific news, Director Jarrod M. Patten acquired 4,000 shares of the stock in a transaction on Wednesday, August 28th. The shares were bought at an average price of $9.70 per share, with a total value of $38,800.00. Following the acquisition, the director now owns 279,239 shares of the company’s stock, valued at $2,708,618.30. This trade represents a 1.45 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought a total of 12,761 shares of company stock worth $127,080 over the last ninety days. 32.00% of the stock is currently owned by company insiders.

Institutional Trading of Core Scientific

Several hedge funds have recently modified their holdings of CORZ. Blair William & Co. IL purchased a new position in Core Scientific in the first quarter worth $1,156,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Core Scientific in the 1st quarter valued at about $122,000. Vanguard Group Inc. acquired a new stake in shares of Core Scientific in the first quarter valued at about $21,973,000. Vident Advisory LLC purchased a new stake in Core Scientific during the first quarter worth about $4,047,000. Finally, Anson Funds Management LP acquired a new position in Core Scientific during the first quarter worth about $1,000,000.

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.