Core Scientific, Inc. (NASDAQ:CORZ – Get Free Report) Director Jarrod M. Patten purchased 5,021 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $9.68 per share, with a total value of $48,603.28. Following the acquisition, the director now directly owns 285,760 shares of the company’s stock, valued at approximately $2,766,156.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Core Scientific Price Performance
CORZ opened at $9.32 on Friday. The firm has a 50-day simple moving average of $9.99 and a two-hundred day simple moving average of $6.47. Core Scientific, Inc. has a 52 week low of $2.61 and a 52 week high of $12.25.
Core Scientific (NASDAQ:CORZ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($4.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($4.47). The company had revenue of $141.10 million during the quarter, compared to the consensus estimate of $128.58 million. Core Scientific’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Core Scientific, Inc. will post 0.01 EPS for the current fiscal year.
Institutional Investors Weigh In On Core Scientific
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. B. Riley raised Core Scientific from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $0.50 to $13.00 in a research report on Wednesday, July 17th. Needham & Company LLC initiated coverage on shares of Core Scientific in a report on Wednesday. They set a “buy” rating and a $16.00 price target on the stock. Sanford C. Bernstein assumed coverage on shares of Core Scientific in a research note on Wednesday, July 10th. They issued an “outperform” rating and a $17.00 price objective for the company. LADENBURG THALM/SH SH restated a “buy” rating and set a $14.50 target price on shares of Core Scientific in a research note on Tuesday, July 2nd. Finally, HC Wainwright upped their target price on shares of Core Scientific from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, Core Scientific presently has an average rating of “Buy” and a consensus target price of $14.88.
Get Our Latest Research Report on CORZ
About Core Scientific
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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