B. Riley Brokers Lift Earnings Estimates for Core Scientific

Core Scientific, Inc. (NASDAQ:CORZ) – Research analysts at B. Riley upped their FY2025 earnings per share estimates for shares of Core Scientific in a research note issued on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the company will earn ($0.10) per share for the year, up from their previous estimate of ($0.18). B. Riley 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 $0.50 per share. B. Riley also issued estimates for Core Scientific’s FY2026 earnings at $0.11 EPS.

Several other research analysts have also weighed in on the stock. Canaccord Genuity Group assumed coverage on shares of Core Scientific in a research note on Monday, September 23rd. They set a “buy” rating and a $16.00 price objective on the stock. Macquarie boosted their price target on Core Scientific from $16.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Roth Mkm began coverage on Core Scientific in a research report on Friday, November 15th. They issued a “buy” rating and a $25.50 price objective for the company. HC Wainwright lifted their target price on Core Scientific from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, BTIG Research increased their price target on Core Scientific from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Core Scientific presently has an average rating of “Buy” and an average price target of $18.46.

Core Scientific Trading Up 6.5 %

NASDAQ CORZ opened at $14.96 on Monday. The firm has a market capitalization of $4.18 billion and a P/E ratio of -2.77. The firm’s fifty day moving average price is $15.38 and its two-hundred day moving average price is $12.13. Core Scientific has a 1 year low of $2.61 and a 1 year high of $18.63.

Insider Activity at Core Scientific

In other news, insider Todd M. Duchene sold 25,000 shares of the 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 sale, the insider now directly owns 1,661,474 shares of the company’s stock, valued at approximately $28,411,205.40. This represents a 1.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Yadin Rozov sold 105,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $18.11, for a total value of $1,901,550.00. Following the completion of the transaction, the director now owns 345,239 shares in the company, valued at $6,252,278.29. The trade was a 23.32 % decrease in their position. The disclosure for this sale can be found here. 32.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Core Scientific

Institutional investors and hedge funds have recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in shares of Core Scientific in the 2nd quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new position in Core Scientific in the second quarter valued at approximately $33,000. Divisadero Street Capital Management LP acquired a new position in Core Scientific during the second quarter valued at approximately $93,000. Rise Advisors LLC lifted its stake in Core Scientific by 14.3% during the third quarter. Rise Advisors LLC now owns 8,000 shares of the company’s stock worth $95,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Xponance Inc. bought a new position in shares of Core Scientific in the 2nd quarter valued at $104,000.

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.